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Tesla (TSLA) PT Lowered to $420 at Canaccord

March 30, 2026 4:20 PM EDT

Canaccord analyst George Gianarikas lowered the price target on Tesla (NASDAQ: TSLA) to $420.00 (from $520.00) while maintaining a Buy rating.

The analyst comments "Sure, Teslas story has evolved. The headlines are focused on robo- this and tera- that but we maintain an unwavering belief in the inevitable transition to electric transport. The true mobility revolution isn't just about who drives - its about what powers the journey. It's electric (boogie-woogie-woogie). And, importantly, electric vehicle sales still very much matter to Teslas earnings; they accounted for the vast majority of 2025 company revenue. So, we,... More