Tesla’s (TSLA) “Outperform” Rating Reiterated at Royal Bank Of Canada

22 Oct 2026, 17:32 by Danessa Lincoln · The Markets Daily

Tesla (NASDAQ:TSLA – Get Free Report)‘s stock had its “outperform” rating reaffirmed by analysts at Royal Bank Of Canada in a report issued on Thursday, Benzinga reports. They currently have a $480.00 price target on the electric vehicle producer’s stock. Royal Bank Of Canada‘s price objective points to a potential upside of 27.63% from the company’s previous close.

A number of other equities research analysts have also issued reports on TSLA. William Blair restated a “market perform” rating on shares of Tesla in a research report on Thursday, July 2nd. BMO Capital Markets started coverage on Tesla in a research report on Monday, August 17th. They issued an “outperform” rating for the company. Roth Capital restated a “buy” rating and issued a $505.00 target price on shares of Tesla in a report on Thursday, July 23rd. KeyCorp upgraded Tesla to a “sector weight” rating in a report on Monday, September 28th. Finally, UBS Group restated a “neutral” rating and issued a $425.00 target price on shares of Tesla in a report on Thursday. One analyst has rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating, twenty have assigned a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, Tesla has an average rating of “Hold” and a consensus price target of $408.61.

Read Our Latest Analysis on TSLA

Tesla Price Performance

Shares of TSLA traded down $10.39 during mid-day trading on Thursday, hitting $376.08. 38,041,766 shares of the company were exchanged, compared to its average volume of 50,570,145. Tesla has a 1-year low of $297.38 and a 1-year high of $498.83. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.55 and a current ratio of 1.94. The company has a 50 day moving average of $362.72 and a 200-day moving average of $377.16. The stock has a market cap of $1.49 trillion, a price-to-earnings ratio of 347.99, a price-to-earnings-growth ratio of 23.73 and a beta of 1.92.

Tesla (NASDAQ:TSLA – Get Free Report) last released its quarterly earnings results on Thursday, October 22nd. The electric vehicle producer reported $0.48 earnings per share for the quarter, topping the consensus estimate of $0.45 by $0.03. Tesla had a net margin of 3.67% and a return on equity of 3.82%. The firm had revenue of $28.05 billion during the quarter, compared to the consensus estimate of $28.06 billion. During the same quarter in the prior year, the firm earned $0.50 EPS. The company’s revenue for the quarter was down .2% on a year-over-year basis. Analysts expect that Tesla will post 0.71 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CFO Vaibhav Taneja sold 2,606 shares of the stock in a transaction on Tuesday, September 8th. The stock was sold at an average price of $360.13, for a total value of $938,498.78. Following the transaction, the chief financial officer owned 25,972 shares of the company’s stock, valued at $9,353,296.36. This represents a 9.12% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 19.90% of the stock is owned by company insiders.

Hedge Funds Weigh In On Tesla

Hedge funds have recently added to or reduced their stakes in the stock. Bamco Inc. NY increased its stake in Tesla by 5.0% in the 2nd quarter. Bamco Inc. NY now owns 12,524,752 shares of the electric vehicle producer’s stock valued at $5,267,911,000 after buying an additional 591,243 shares during the last quarter. One Plus One Wealth Management LLC acquired a new stake in Tesla in the 2nd quarter valued at $1,009,000. Bessemer Group Inc. increased its stake in Tesla by 23.6% in the 1st quarter. Bessemer Group Inc. now owns 56,240 shares of the electric vehicle producer’s stock valued at $20,908,000 after buying an additional 10,747 shares during the last quarter. H&H International Investment LLC acquired a new stake in Tesla in the 1st quarter valued at $1,267,259,000. Finally, MassMutual Private Wealth & Trust FSB increased its stake in Tesla by 12.4% in the 3rd quarter. MassMutual Private Wealth & Trust FSB now owns 43,600 shares of the electric vehicle producer’s stock valued at $15,470,000 after buying an additional 4,806 shares during the last quarter. 66.20% of the stock is currently owned by hedge funds and other institutional investors.

Tesla News Roundup

Here are the key news stories impacting Tesla this week:

Positive Sentiment: Tesla reported adjusted earnings of $0.48 per share, above the $0.45 consensus estimate, and generated approximately $1.5 billion in positive free cash flow versus expectations for a substantial cash outflow. Tesla Q3 earnings report
Positive Sentiment: Full Self-Driving adoption exceeded 75% of North American deliveries, while subscription growth, expanding Cybercab robotaxi operations and the start of Optimus humanoid-robot production support Tesla’s longer-term autonomy and robotics strategy. Tesla long-term investor takeaways
Positive Sentiment: Several analysts raised targets or maintained bullish ratings, including Mizuho at $460, RBC at $480 and Bank of America at $460, citing potential growth from FSD, robotaxis, Optimus and energy storage.
Neutral Sentiment: Elon Musk endorsed exploring a Tesla-SpaceX merger, which could combine AI, robotics, chips, satellite infrastructure and transportation assets. However, independent committees must negotiate terms, and the deal would require shareholder and regulatory approval. Tesla-SpaceX merger discussions
Negative Sentiment: Revenue was essentially flat year over year at about $28.05 billion, automotive revenue declined, and operating income fell 56% as AI, robotics and autonomy expenses increased. The company’s roughly $1.5 trillion valuation leaves little room for disappointing execution.
Negative Sentiment: Tesla reduced its 2026 capital-expenditure outlook from more than $25 billion to $20 billion. Investors viewed the cut as potentially signaling slower progress for AI infrastructure, robotaxis and Optimus, despite management’s ambitious transportation vision. Tesla spending outlook
Negative Sentiment: Energy revenue reportedly missed estimates, unsold-vehicle concerns remain, and unsupervised FSD for personal vehicles is not expected until 2027. Cybercab plans also face regulatory scrutiny, adding execution risk to Tesla’s high-growth narrative.

Tesla Company Profile

(Get Free Report)

Tesla, Inc is an electric vehicle and clean energy company headquartered in Austin, Texas. Founded in 2003, the company designs, manufactures and sells electric vehicles, including the Model S, Model 3, Model X, Model Y and Cybertruck. Tesla also develops vehicle software, driver-assistance features and related services intended to support the operation and ownership of its vehicles.