<ul><li>Canaccord Genuity reaffirmed its price target of $404 for Tesla after a visit to Gigafactory Texas. The investment firm sees an optimistic future for Tesla in the long term despite near-term headwinds.</li><li>Canaccord analysts reiterated its “Buy” rating for TSLA stock and revised Tesla’s Q1 2025 delivery estimates from ~331,000 vehicles to ~362,000 units. The firm’s first-quarter delivery estimates for Tesla reveal its optimistic take on the company’s future, even though it is still below the consensus estimate of ~417,000 vehicles.</li><li>Canaccord analysts recently visited Tesla Giga Texas and left with optimism for the American electric vehicle (EV) maker. They highlighted Tesla’s progress with Full Self-Driving and mentioned that Tesla’s robotaxi services will launch in Austin in the summer.</li><li>Canaccord Genuity reflects Elon Musk’s recent stock market advice during the Tesla All-Hands keynote. Musk advised investors to invest in companies with products they love, highlighting that Tesla has a few great products and will continue to launch more.</li></ul>

Canaccord reaffirms Tesla’s price target of $404 after Giga Texas visit

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