🚀📈 Canaccord Genuity Raises Tesla Target to $551 — The Valuation Framework Has Shifted

Canaccord Genuity analysts have lifted Tesla’s target price to $551, signaling that the market is beginning to re-anchor how Tesla should be valued.

This isn’t about near-term earnings optics.

It’s about fundamentals that reshape the medium- and long-term cash flow curve.

1️⃣ FSD is no longer a concept — it’s compounding globally

Full Self-Driving continues to progress across multiple regions, expanding real-world data density and improving system reliability.

As FSD scales internationally, Tesla’s software optionality becomes harder to model with traditional auto multiples.

This is not linear revenue.

It’s platform economics emerging inside a car company.

2️⃣ 2026 marks the Robotaxi inflection

Canaccord highlights the planned large-scale Robotaxi rollout in 2026 as a decisive catalyst.

A Robotaxi fleet changes Tesla’s role from:

• vehicle manufacturer

to

• autonomous service operator

That transition flips unit economics, utilization rates, and lifetime value assumptions.

Once transportation becomes software-driven, margins stop resembling autos altogether.

3️⃣ Musk compensation approval removes a major overhang

The approval of Elon Musk’s compensation package resolves governance uncertainty that had been weighing on sentiment.

Markets tend to underappreciate how quickly multiples expand once headline risks disappear.

4️⃣ Optimus is still early — and already material

Progress on Optimus humanoid robots reinforces Tesla’s positioning beyond mobility.

Autonomous driving and humanoid robotics share:

• perception stacks

• decision-making models

• real-world AI deployment

From a valuation standpoint, Optimus functions as a long-dated call option on labor automation — one that’s increasingly difficult to ignore.

5️⃣ Why short-term earnings cuts no longer dominate

Canaccord’s key takeaway is simple:

the sum of these structural positives outweighs near-term earnings revisions.

When markets begin to price:

• autonomous services

• AI software margins

• robotics optionality

traditional quarterly EPS sensitivity loses control over valuation.

Tesla isn’t being re-rated because numbers changed this quarter.

It’s being re-rated because the business model boundary moved.

The real question isn’t whether $551 is aggressive —

it’s whether legacy valuation frameworks are still conservative enough.

🔔 Ongoing coverage on $TSLA, autonomous driving, robotics, and how AI reshapes long-term valuation models.

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