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

Posted by Brenda Bartman on Oct 22nd, 2026

Tesla (NASDAQ:TSLA – Get Free Report)‘s stock had its “outperform” rating reiterated by Royal Bank Of Canada in a report issued on Thursday, Benzinga reports. They currently have a $480.00 price objective on the electric vehicle producer’s stock. Royal Bank Of Canada‘s price objective would indicate a potential upside of 28.14% from the stock’s current price.

Several other equities research analysts have also recently issued reports on TSLA. Canaccord Genuity Group set a $442.00 price objective on shares of Tesla and gave the company a “buy” rating in a research report on Thursday. Glj Research reiterated a “sell” rating on shares of Tesla in a research report on Thursday. Tigress Financial began coverage on shares of Tesla in a research report on Thursday. They set a “buy” rating on the stock. Wells Fargo & Company reiterated a “buy” rating on shares of Tesla in a research report on Thursday, October 1st. Finally, Mizuho lifted their price objective on shares of Tesla from $450.00 to $460.00 and gave the company an “outperform” rating in a research report on Thursday. One investment analyst has rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating, twenty have issued a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $408.61.

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Tesla Stock Performance

NASDAQ TSLA traded down $11.89 on Thursday, reaching $374.58. 51,354,600 shares of the stock were exchanged, compared to its average volume of 50,641,297. Tesla has a one year low of $297.38 and a one year high of $498.83. The firm has a market capitalization of $1.48 trillion, a PE ratio of 346.84, a PEG ratio of 23.73 and a beta of 1.92. The company’s 50-day simple moving average is $362.72 and its two-hundred day simple moving average is $377.16. The company has a current ratio of 1.94, a quick ratio of 1.55 and a debt-to-equity ratio of 0.09.

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

Insider Buying and Selling at Tesla

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Peirce Capital Management LLC boosted its stake in Tesla by 1.5% during the second quarter. Peirce Capital Management LLC now owns 1,657 shares of the electric vehicle producer’s stock worth $697,000 after buying an additional 25 shares during the period. Retirement Planning Group LLC NY boosted its stake in Tesla by 3.8% during the first quarter. Retirement Planning Group LLC NY now owns 713 shares of the electric vehicle producer’s stock worth $265,000 after buying an additional 26 shares during the period. Phillip James Consulting Co. boosted its stake in Tesla by 8.7% during the first quarter. Phillip James Consulting Co. now owns 326 shares of the electric vehicle producer’s stock worth $121,000 after buying an additional 26 shares during the period. Cadence Wealth Management LLC boosted its stake in Tesla by 4.7% during the first quarter. Cadence Wealth Management LLC now owns 580 shares of the electric vehicle producer’s stock worth $216,000 after buying an additional 26 shares during the period. Finally, Crumly & Associates Inc. boosted its stake in Tesla by 0.6% during the second quarter. Crumly & Associates Inc. now owns 4,698 shares of the electric vehicle producer’s stock worth $1,976,000 after buying an additional 26 shares during the period. 66.20% of the stock is owned by hedge funds and other institutional investors.

Tesla News Summary

Here are the key news stories impacting Tesla this week:

Positive Sentiment: Q3 earnings and cash flow exceeded expectations. Tesla reported adjusted EPS of $0.48 versus the $0.45 consensus estimate and generated approximately $1.5 billion in free cash flow, a significant improvement over expectations for a cash outflow. Musk’s Tesla revenue beats estimates as deliveries rebound, energy storage grows
Positive Sentiment: Full Self-Driving adoption and services are expanding. More than 75% of new North American deliveries included paid FSD, while subscriptions reportedly rose 67% year over year. Services revenue also grew sharply, supporting Tesla’s long-term software and autonomy narrative. Tesla’s FSD Subscriptions Surge 67% even as Car Deliveries Decline
Positive Sentiment: Analysts raised several price targets. Mizuho lifted its target to $460 with an outperform rating, while JPMorgan raised its target to $430 but maintained a neutral view. Bulls continue to cite FSD, robotaxis, Optimus and energy storage as potential growth drivers.
Neutral Sentiment: SpaceX merger speculation remains a major valuation catalyst. Independent committees at Tesla and SpaceX are evaluating a possible combination, which could provide access to AI, chips, robotics and space infrastructure. However, valuation, regulatory approval, China operations, shareholder approval and potential dilution make the outcome highly uncertain. Musk’s public endorsement of SpaceX-Tesla deal may throw a wrench in talks
Negative Sentiment: Core financial results remained under pressure. Revenue was essentially flat year over year at about $28.05 billion, vehicle revenue declined, and operating income fell 56%. Tesla’s valuation—near 350 times earnings—leaves little room for disappointing auto growth or margin compression.
Negative Sentiment: The 2026 capital-spending forecast was cut to $20 billion from roughly $25 billion. Investors interpreted the reduction as a possible sign that Tesla is slowing its AI, robotics and autonomous-driving buildout, while Musk also indicated that Optimus will take longer to scale. Tesla drops as spending pullback clouds AI, robotics ambitions

Tesla Company Profile

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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.

Beyond automobiles, Tesla produces energy storage products for residential, commercial and utility-scale applications, including the Powerwall and Megapack.