George Gianarikas Encourages Investors to Buy Tesla Stock Now
Tesla’s recent performance has caused a stir among investors. In the third quarter, the electric vehicle giant reported an impressive 497,099 vehicle deliveries. This figure marks a 7% increase compared to the same period last year and a notable 30% rise from the previous quarter.
Market Reactions to Tesla’s Q3 Performance
Despite the strong delivery numbers, some analysts expressed skepticism. Concerns arose that the surge in deliveries might be a result of the U.S. EV tax credit expiration on September 30. Many anticipated a surge in last-minute purchases, which some argue contributed to a slight dip in Tesla’s stock price following the earnings report.
George Gianarikas’s Viewpoint
Amid the mixed reactions, Canaccord analyst George Gianarikas stands out with a more optimistic perspective. He labeled the third quarter performance as “a banger” and emphasized that Tesla achieved its best delivery quarter ever. Gianarikas pointed out that the previous trend of negative revisions has been halted, indicating a positive shift.
Although he acknowledges a potential “one-time surge,” he foresees growth opportunities as Tesla prepares to launch new vehicles. Although specific details remain unclear, he believes these upcoming models could stimulate further demand.
Energy Storage and Future Prospects
- In Q3 2025, Tesla deployed approximately 12.5 GWh of energy storage, a sequential increase of about 30.2% from Q2.
- Gianarikas noted a growing demand for power storage solutions, particularly from hyperscalers seeking alternatives to conventional grid-based energy.
- The analyst highlighted several ongoing projects, including potential growth in Tesla’s robotaxi operations and developments in humanoid robotics.
Gianarikas maintains a BUY rating on Tesla stock, presenting a price target of $490—a 14% upside from current trading levels. His insights reflect an expectation of continued momentum amid positive changes in Tesla’s operational landscape.
Wall Street’s Sentiment on Tesla
Despite Gianarikas’s bullish outlook, general sentiment on Wall Street appears to be split. Tesla currently holds a consensus rating of “Hold,” comprising 15 Buy ratings, 12 Hold ratings, and 9 Sell ratings. Additionally, the average 12-month price target stands at $347.42, suggesting a potential decline of 19% from current values.
Investors are encouraged to conduct their analysis before making decisions, given the diverse opinions surrounding Tesla’s trajectory.
