Canaccord Genuity analyst George Gianarikas has raised the price target for Tesla stock from $482 to $551 while maintaining a Buy rating. The upgrade reflects optimism about Tesla's long-term growth in autonomy and robotics, despite lowered fourth-quarter 2025 delivery estimates. Tesla shares are on track to end 2025 at record highs amid broader investor enthusiasm for its future plans.
On December 23, 2025, Canaccord Genuity analyst George Gianarikas updated his outlook on Tesla (NASDAQ:TSLA), increasing the price target from $482 to $551 and reaffirming a Buy rating. This adjustment highlights Tesla's improving long-term prospects, driven by advancements in autonomy and robotics, even as the analyst reduced estimates for fourth-quarter 2025 vehicle deliveries.
Gianarikas pointed to several positive factors supporting the bullish stance. He noted that while U.S. EV market resets have led to lower near-term expectations, they are setting the stage for more sustainable demand. EV adoption is accelerating in emerging markets, extending Tesla's growth beyond the U.S. Key catalysts include global progress in Full Self-Driving (FSD) software and the planned rollout of a larger Robotaxi fleet in 2026. Additionally, further developments in the Optimus humanoid robot program could provide significant momentum.
"Overall, yes, 4Q25 delivery expectations are being revised lower. However, the reset in the US EV market is laying the groundwork for a more durable and attractive long-term demand environment," Gianarikas wrote. "At the same time, EV penetration in emerging markets is accelerating, reinforcing Tesla’s potential multi-year growth runway beyond the US. Global progress in FSD and the anticipated rollout of a larger robotaxi fleet in 2026 are increasingly important components of the Tesla equity story and could provide sentiment tailwinds."
Tesla's 2026 agenda underscores this optimism. The company plans to begin production of the autonomous two-seat Cybercab in the second quarter, unveil the next-generation Roadster on April 1, and start high-volume production of the Tesla Semi in Nevada. Tesla also aims to expand FSD rollout to regions like Europe and launch more Robotaxi networks in key U.S. areas.
This rating aligns with broader market sentiment. Tesla stock has surged nearly 120% since bottoming in spring 2025, reaching all-time highs despite modest Q3 revenue growth of 11.57% year-over-year and falling net income. Bulls like Wedbush's Dan Ives see potential for a $2 trillion valuation by 2026, fueled by AI, autonomous driving, and robotics potentially worth nearly $1 trillion. Bank of America attributes 45% of Tesla's valuation to Robotaxi and 19% to Optimus through 2040. Cathie Wood predicts 90% of Tesla's enterprise value from Robotaxi by 2029.
However, the stock trades at a lofty 219 times 2026 expected earnings, raising questions about whether future promises alone justify the premium amid competition from players like Waymo and Uber.
