The revised target implies about 10% upside from Tesla’s last close at $443.21.
Gianarikas raised Canaccord's price target on Tesla shares up to $490 from $333, as the stock has been well above the latter number for some time.
Tesla wrapped up the final week of Q3 2025 in China with its most impressive week of the quarter.
Musk’s pay package will be voted on by Tesla shareholders at the annual meeting of stockholders this coming November 6.