

Tesla Model 3
Tesla shares rise with optimistic $35K Model 3 outlook, $450 price target, and ‘Buy’ rating from Canaccord
Tesla stock (NASDAQ:TSLA) received a notable vote of confidence this Monday, with investment firm Canaccord Genuity predicting a massive rally this year amidst the electric car maker’s efforts to close in on the production of the $35,000 Model 3. In its recent note, Canaccord upgraded TSLA from a hold to a buy rating. The company’s 12-month price target for the electric car maker was also raised from $330 to $450 per share, representing a 40% rally from TSLA’s closing price of $305.80 last Friday.
In a note to clients on Monday, Canaccord analyst Jed Dorsheimer stated that the Street appears to be underappreciating the increasing prevalence of electric vehicles on the auto market. The company also pointed out that it expects Tesla to run into fewer challenges this year.
“The EV penetration story is underappreciated by the Street. We see a more stable 2019 with far fewer concerns for investors in the company,” the Canaccord analyst wrote.
While the company’s skeptics viewed the recent price adjustments that Tesla rolled out to its vehicles as a point of criticism, Dorsheimer notes that the electric car maker’s decision to lower the cost of its cars is proof that the cost-cutting and right-sizing initiatives the company has undertaken are resulting in progress in its efforts to produce the $35,000 Model 3. The analyst also notes that Tesla’s financials are showing some degree of strength over the previous quarters.
“We view the recent string of price cuts as further proof that the cost-cutting and right-sizing that the company has undertaken are resulting in concrete movement towards the ultimate goal of an affordable $35,000 Model 3. With the strong operating cash flow generation of $1.23B and cash on the balance sheet of $3.7B, the liquidity concerns and convertible note repayment are no longer valid concerns in our view,” the analyst wrote.
Apart from an optimistic outlook on Tesla’s continuing Model 3 ramp and the company’s finances, Canaccord also noted that concerns around Tesla’s governance have been addressed by the addition of the company’s two new independent board members — Larry Ellison and Kathleen Wilson-Thompson — both of whom appear to be working well with CEO Elon Musk. Canaccord also mentioned Tesla’s Autopilot driver-assist system as a difference-maker in the self-driving field, considering the company’s lead over its competitors and the potential of autonomous driving as a whole in the future of transportation.
Amidst Canaccord’s upgrade, Tesla continues to pursue international deliveries for the Model 3. Over the past week, Tesla has begun deliveries in the European region, with Elon Musk even dropping by on the company’s Tilburg plant to deliver some vehicles himself. Tesla’s efforts to promote the Model 3 in China are also underway, with test drives ongoing in several key cities. Tesla’s determination in China was evident in an incident last week after a test drive Model 3 Performance unit crashed in Shenzen, China. Despite concerns that Shenzen might not have another test vehicle for a while due to the accident, Tesla was able to ship another Model 3 Performance to the city quickly, allowing it to restart its test drive program almost without a hitch.
So far, Canaccord’s updated ratings on Tesla appear to be received well by the company’s investors. As of writing, Tesla stock is trading up 3.47% on Monday’s open, trading at $316.49 per share.
Disclosure: I have no ownership in shares of TSLA and have no plans to initiate any positions within 72 hours.
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Tesla is bringing back something it took from the Model 3…for a price
“Modify your Model 3 by replacing the turn signal buttons on your steering wheel with turn signal stalks. This modification is included in the purchase price and is installed by a Tesla Service Center.”

Tesla is bringing back the Model 3’s turn signal stalk in China after removing the part with the refresh of the all-electric sedan early last year.
However, it is going to cost you.
In 2024, Tesla launched the Model 3 “Highland,” a refreshed version of the vehicle that included several large-scale changes. One of the most noticeable was the lack of a turn signal stalk, something the company chose to remove and instead implement turn signal buttons on the steering wheel.
The buttons were met with mixed reviews, as some drivers complained that it was too difficult to get used to them. Others had no problem with the change, noting that it was slightly more convenient for them or that they enjoyed the minimalistic look.
Now, Tesla is offering Model 3 owners in China the opportunity to replace the stalk for a price of ¥ 2,499, or about $350:
“Modify your Model 3 by replacing the turn signal buttons on your steering wheel with turn signal stalks. This modification is included in the purchase price and is installed by a Tesla Service Center.”
Tesla notes on its website that the service is available for Model 3 vehicles without stalks manufactured after February 7, 2025. Any car without a stalk that was manufactured before that date will have the service available to them in the future.
Installation can be performed at a Service Center or by the owner. However, Tesla notes that it is not responsible for any damages resulting from self-installation and recommends that the part be put in by an employee.
The cockpit of the Tesla lineup has been under intense scrutiny by the company in recent years. After a few changes to things like the stalk, steering wheel shape, and others, Tesla has usually given drivers the chance to have things reverted back to their preferences if they want.
They did this for the Model S and Model X a few years ago after implementing the yoke steering wheel.
Tesla Steering Wheel Retrofits have started, and it’s easy to get rid of your yoke
The stalk was not supposed to be removed from the Model 3 and Model Y, but Tesla chose to do so with the refresh last year.
It seems the minimalization of the cockpit, overall, is a move that prepares drivers for autonomy, as eventually, Teslas will be void of pedals, steering wheels, and any other apparatus that are used to control the car.
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Tesla offers new deal on used inventory that you won’t want to pass up
Tesla opened up lease deals on used Model 3 and Model Y inventory in California and Texas on Tuesday, marking the first time it has launched the option on pre-owned cars.

Tesla is offering a new deal on its used vehicle inventory that consumers looking for a great deal won’t want to pass up.
Traditionally, Tesla has not allowed potential car buyers to lease its used inventory. The only two options were to buy with cash or finance it through Tesla or a bank.
However, with the elimination of the $7,500 new and $4,000 used EV tax credits, Tesla is breaking its own rules and is now offering lease deals on its used vehicle inventory, but only in a couple of states, as of right now.
Tesla is ready with a perfect counter to the end of US EV tax credits
Tesla opened up lease deals on used Model 3 and Model Y inventory in California and Texas on Tuesday, marking the first time it has launched the option on pre-owned cars.
The deals are tremendous and can cost as little as $0 down and under $225 per month for some vehicles.
Lease a Pre-Owned Model 3 or Y
As low as $0 down & $225/month
Now available in CA & TX https://t.co/LRYRIZP8VZ
— Tesla North America (@tesla_na) August 19, 2025
Tesla also allows customers to buy the vehicle at the end of their lease deal, which enables some really great ways to end up an owner of the car you plan to drive for the next two or three years.
The lease deal also helps Tesla rid itself of older vehicles that might not be of future use to the company. It formerly planned to use leased vehicles in its eventual Robotaxi fleet, but many of the cars in its used inventory have Hardware 3, which is less capable than Hardware 4, which is installed in the new Model 3 and Model Y.
More importantly, Tesla is giving people yet another way to be in the market for a Tesla before the tax credit ends on September 30.
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Tesla offers tasty Supercharging incentive as Q3 push continues

Tesla is offering a tasty Supercharging incentive on inventory Model 3 units in Canada as it continues to push sales in the third quarter.
In the United States, Tesla is preparing for the end of the $7,500 electric vehicle tax credit. While it is offering a multitude of incentives in the U.S. to help push sales of its vehicles before the credit goes away, it is not saving the deals for Americans exclusively.
Yesterday, the company announced it is now offering Free Supercharging for life on all Model 3 inventory in Canada, a massive incentive for those who would use the vehicle as a daily driver:
Unlimited road trips through Canada
Free Supercharging now on all Model 3 inventory 🇨🇦
— Tesla North America (@tesla_na) August 15, 2025
The deal would normally only apply to Superchargers located in Canada, meaning if a Canadian drove over the border into the United States and Supercharged, they would have to pay for it.
However, Tesla also confirmed that the charging deal would extend to the U.S. Canadians will be able to drive across the U.S. and Supercharge for free for the life of the vehicle.
Free Supercharging is such a great perk because the money an owner saves on charging factors directly into what they are saving if they were to own a gas car. While Supercharging and home charging are, on average, cheaper than filling up with gas, the savings are not massive.
When Supercharging is free, it can save consumers hundreds of dollars per month, especially if they plan to use the Tesla for their daily commute. Some people could fill their gas cars up two times a week to get to work, spending $80-$100 every five days on gas.
Tesla has been using incentives like this to push vehicles into customers’ hands. Q3 could be one of the best three-month spans in recent memory with the push it is making.
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