Tesla (TSLA) stock has fallen 6.7% over the past week and is down 3.2% over the past month, but it remains up a strong 44.0% over the last 12 months. Wall Street’s analysts are moderately bullish, forecasting further gains ahead with a 12‑month average price target of $412.93 versus the last close of $373.72.
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Forget margin or options. Here's how the pros trade TSLAAnalyst George Gianarikas of Canaccord Genuity reiterated his Buy rating on TSLA on April 23, 2026, lifting his price target to $450, implying notable upside from current levels. This 3‑star analyst ranks 2324 out of 12155, with a 42.42% success rate and a 6.50% average return per rating.
Gianarikas highlights Tesla’s decision to “capexmaxx,” boosting capital expenditures guidance to more than $25 billion as it invests aggressively in batteries, AI software and training, chip design, and manufacturing capacity. He views EVs increasingly as a distribution channel for higher‑value products like full self‑driving and believes today’s heavy spending can unlock a substantially larger future revenue stream.
The Canaccord team points to several positives from Tesla’s latest quarter, including stronger margins and what management called the highest first‑quarter EV order backlog in over two years, helped by higher gas prices. For investors, Gianarikas frames Tesla as a proxy for a new world built on AI, robotics, and clean energy, supported by a tightly controlled, end‑to‑end supply chain.
On the other side, Andrew Percoco of Morgan Stanley reiterated a Hold (Equal‑weight) rating on TSLA on April 23, 2026, with a $415 price target, signaling more limited upside. This top‑ranked analyst stands at 200 out of 12155, with a 57.69% success rate and an impressive 60.20% average return per rating.
Percoco agrees Tesla’s heavy capex and physical AI investments in robotaxis and humanoids are necessary for long‑term leadership, but he warns that commercialization is arriving more slowly than investors hoped. With capex above $25 billion, rising cash burn, and key programs like unsupervised robotaxis progressing cautiously, he believes near‑term upside in the stock is likely capped.
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