Investor's Corner
Tesla stock pushes another firm to boost price target with a Buy rating
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 stock (NASDAQ: TSLA) has pushed yet another Wall Street firm to boost its price target, but this time, shares have also held their ‘Buy’ rating, as Canaccord Genuity analyst George Gianarikas made both adjustments.
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.
Shares are currently trading at around $443, and have not traded at $333 since the beginning of September. Tesla shares have increased by over 34 percent in the past month.
A new note written to investors from Gianarikas breaks down each division of the company and how it will contribute to Tesla’s overall growth through the next several quarters. Investors are certainly concerned about the removal of the $7,500 EV tax credit, but it’s important to note that Tesla is much more than an automotive stock play.
Affordable Models
Gianarikas notes that Canaccord expects higher deliveries this quarter, in part due to the removal of the tax credit, which will occur today.
The firm expects Tesla to offset the loss of the tax credit with the introduction of new, affordable models, something the company has stated it is working on and plans to introduce during the second half of this year.
Now, with just a quarter left in 2025, it seems Tesla plans to launch those models within the next three months. Canaccord said:
“…on the EV side, we expect more new models soon – as promised by management. These should help global sales momentum – and potentially help alleviate any post-3Q cliff in the US after EV tax credits go away. And these new vehicles should be interesting.”
Tesla Energy
The company’s Energy division is one that consistently flies under the radar and gets little attention. With an increase in data centers and the need for more power, Canaccord thinks this is where Tesla could see some true growth over the next few years:
“Fully using grid resources not only takes significant time and effort but is increasingly met with resistance from utilities and consumers as they express concerns about increasing power prices and impact on grid resiliency. Elon Musk himself used behind-the-meter solutions like methane gas turbines and generators in Memphis to build his xAI facility – although next time he should be careful not to pollute the environment when he does it. Energy storage will play a material role in behind-the-meter solutions.”
Elon Musk’s Comp Package
Locking up Musk for the next several years was a crucial part of keeping Tesla as a bullish stock play for many firms.
The new comp plan for CEO Elon Musk will benefit investors as well as the Tesla frontman, and although these tranches are challenging, they appear to be well within the realm of possibility.
“Those targets, if achieved, promise great returns for Tesla shareholders. Embedded in the upcoming shareholder vote is an opportunity for Tesla shareholders to potentially invest in xAI as well. Given Mr. Musk’s singular business achievements, we see his commitment to the company and bold targets as – mostly -a positive. $400B in EBITDA. Yowza. That’s one of Mr. Musk’s operational targets over a 10-year period and compares to ~$15B TTM as of 2Q25. Mr. Musk is who he is, and it is hard to underestimate him. But, a lot needs to go right for him to achieve it.”
Price Target and Rating
Gianarikas says there was a potential for a stock downgrade while mulling what forecast to put on Tesla shares, especially as the firm admits it “still struggles” with the valuation. Near-term, however, there are more catalysts than drawbacks.
With the affordable EVs presumably on the way, as well as plenty of momentum in Robotaxi and Optimus projects, Tesla is sitting in a good spot, especially from an investor perspective, Canaccord believes.
It ups its price target to $490 and reiterates its ‘Buy’ rating.
Elon Musk
Tesla stock gets latest synopsis from Jim Cramer: ‘It’s actually a robotics company’
“Turns out it’s actually a robotics and Cybercab company, and I want to buy, buy, buy. Yes, Tesla’s the paper that turned into scissors in one session,” Cramer said.
Tesla stock (NASDAQ: TSLA) got its latest synopsis from Wall Street analyst Jim Cramer, who finally realized something that many fans of the company have known all along: it’s not a car company. Instead, it’s a robotics company.
In a recent note that was released after Tesla reported Earnings in late January, Cramer seemed to recognize that the underwhelming financials and overall performance of the automotive division were not representative of the current state of affairs.
Instead, we’re seeing a company transition itself away from its early identity, essentially evolving like a caterpillar into a butterfly.
The narrative of the Earnings Call was simple: We’re not a car company, at least not from a birds-eye view. We’re an AI and Robotics company, and we are transitioning to this quicker than most people realize.
Tesla stock gets another analysis from Jim Cramer, and investors will like it
Tesla’s Q4 Earnings Call featured plenty of analysis from CEO Elon Musk and others, and some of the more minor details of the call were even indicative of a company that is moving toward AI instead of its cars. For example, the Model S and Model X will be no more after Q2, as Musk said that they serve relatively no purpose for the future.
Instead, Tesla is shifting its focus to the vehicles catered for autonomy and its Robotaxi and self-driving efforts.
Cramer recognizes this:
“…we got results from Tesla, which actually beat numbers, but nobody cares about the numbers here, as electric vehicles are the past. And according to CEO Elon Musk, the future of this company comes down to Cybercabs and humanoid robots. Stock fell more than 3% the next day. That may be because their capital expenditures budget was higher than expected, or maybe people wanted more details from the new businesses. At this point, I think Musk acolytes might be more excited about SpaceX, which is planning to come public later this year.”
He continued, highlighting the company’s true transition away from vehicles to its Cybercab, Optimus, and AI ambitions:
“I know it’s hard to believe how quickly this market can change its attitude. Last night, I heard a disastrous car company speak. Turns out it’s actually a robotics and Cybercab company, and I want to buy, buy, buy. Yes, Tesla’s the paper that turned into scissors in one session. I didn’t like it as a car company. Boy, I love it as a Cybercab and humanoid robot juggernaut. Call me a buyer and give me five robots while I’m at it.”
Cramer’s narrative seems to fit that of the most bullish Tesla investors. Anyone who is labeled a “permabull” has been echoing a similar sentiment over the past several years: Tesla is not a car company any longer.
Instead, the true focus is on the future and the potential that AI and Robotics bring to the company. It is truly difficult to put Tesla shares in the same group as companies like Ford, General Motors, and others.
Tesla shares are down less than half a percent at the time of publishing, trading at $423.69.
There are a lot of Tesla bulls out there who have astronomical expectations for the company, especially as its arm of reach has gone well past automotive and energy and entered artificial intelligence and robotics.
However, some of the most bullish Tesla investors believe the company could become worth $100 trillion, and CEO Elon Musk does not believe that number is completely out of the question, even if it sounds almost ridiculous.
To put that number into perspective, the top ten most valuable companies in the world — NVIDIA, Apple, Alphabet, Microsoft, Amazon, TSMC, Meta, Saudi Aramco, Broadcom, and Tesla — are worth roughly $26 trillion.
Will Tesla join the fold? Predicting a triple merger with SpaceX and xAI
Cathie Wood of ARK Invest believes the number is reasonable considering Tesla’s long-reaching industry ambitions:
“…in the world of AI, what do you have to have to win? You have to have proprietary data, and think about all the proprietary data he has, different kinds of proprietary data. Tesla, the language of the road; Neuralink, multiomics data; nobody else has that data. X, nobody else has that data either. I could see $100 trillion. I think it’s going to happen because of convergence. I think Tesla is the leading candidate [for $100 trillion] for the reason I just said.”
Musk said late last year that all of his companies seem to be “heading toward convergence,” and it’s started to come to fruition. Tesla invested in xAI, as revealed in its Q4 Earnings Shareholder Deck, and SpaceX recently acquired xAI, marking the first step in the potential for a massive umbrella of companies under Musk’s watch.
SpaceX officially acquires xAI, merging rockets with AI expertise
Now that it is happening, it seems Musk is even more enthusiastic about a massive valuation that would swell to nearly four-times the value of the top ten most valuable companies in the world currently, as he said on X, the idea of a $100 trillion valuation is “not impossible.”
It’s not impossible
— Elon Musk (@elonmusk) February 6, 2026
Tesla is not just a car company. With its many projects, including the launch of Robotaxi, the progress of the Optimus robot, and its AI ambitions, it has the potential to continue gaining value at an accelerating rate.
Musk’s comments show his confidence in Tesla’s numerous projects, especially as some begin to mature and some head toward their initial stages.
Elon Musk
Tesla director pay lawsuit sees lawyer fees slashed by $100 million
The ruling leaves the case’s underlying settlement intact while significantly reducing what the plaintiffs’ attorneys will receive.
The Delaware Supreme Court has cut more than $100 million from a legal fee award tied to a shareholder lawsuit challenging compensation paid to Tesla directors between 2017 and 2020.
The ruling leaves the case’s underlying settlement intact while significantly reducing what the plaintiffs’ attorneys will receive.
Delaware Supreme Court trims legal fees
As noted in a Bloomberg Law report, the case targeted pay granted to Tesla directors, including CEO Elon Musk, Oracle founder Larry Ellison, Kimbal Musk, and Rupert Murdoch. The Delaware Chancery Court had awarded $176 million to the plaintiffs. Tesla’s board must also return stock options and forego years worth of pay.
As per Chief Justice Collins J. Seitz Jr. in an opinion for the Delaware Supreme Court’s full five-member panel, however, the decision of the Delaware Chancery Court to award $176 million to a pension fund’s law firm “erred by including in its financial benefit analysis the intrinsic value” of options being returned by Tesla’s board.
The justices then reduced the fee award from $176 million to $70.9 million. “As we measure it, $71 million reflects a reasonable fee for counsel’s efforts and does not result in a windfall,” Chief Justice Seitz wrote.
Other settlement terms still intact
The Supreme Court upheld the settlement itself, which requires Tesla’s board to return stock and options valued at up to $735 million and to forgo three years of additional compensation worth about $184 million.
Tesla argued during oral arguments that a fee award closer to $70 million would be appropriate. Interestingly enough, back in October, Justice Karen L. Valihura noted that the $176 award was $60 million more than the Delaware judiciary’s budget from the previous year. This was quite interesting as the case was “settled midstream.”
The lawsuit was brought by a pension fund on behalf of Tesla shareholders and focused exclusively on director pay during the 2017–2020 period. The case is separate from other high-profile compensation disputes involving Elon Musk.
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