Latest news with #GeorgeGianarikas
CNBC
24-07-2025
- Automotive
- CNBC
Canaccord Genuity's Gianarikas: We may have seen the bottom for Tesla, positive acceleration to come
George Gianarikas, Canaccord Genuity analyst, joins CNBC's 'Squawk on the Street' to discuss outlooks on Tesla after CEO Elon Musk warned investors of a choppy period ahead, why he maintains his buy rating and anticipates positive acceleration beyond the next few quarters, and more.
Yahoo
10-07-2025
- Automotive
- Yahoo
Canaccord Genuity Maintained a Buy Rating on Aurora Innovation (AUR)
Aurora Innovation, Inc. (NASDAQ:AUR) is one of the 1 On May 15, George Gianarikas from Canaccord Genuity maintained a Buy rating on Aurora Innovation, Inc. (NASDAQ:AUR) with a price target of $15. The analyst highlighted Aurora Innovation, Inc. (NASDAQ:AUR)'s advanced approach to Level 4 autonomy through its hybrid system called the Aurora Driver. The system integrates AI, machine learning, and a sophisticated sensor suite. Gianarikas noted that the system is supported by over 1,450 issued and pending patents, showcasing strong intellectual property and innovation. A closeup of a self-driving hardware unit inside the dashboard of a passenger vehicle. The analyst also likes the company's leadership, which includes co-founder Sterling Anderson, who has a notable background from Tesla's Autopilot program and MIT robotics. Gianarikas sees this as a significant asset that enhances his confidence in Aurora Innovation, Inc. (NASDAQ:AUR)'s strategic direction. Aurora Innovation, Inc. (NASDAQ:AUR) develops the Aurora Driver, an advanced self-driving technology platform that can be integrated into various vehicle types, including passenger cars, light commercial vehicles, and Class 8 trucks. While we acknowledge the potential of AUR as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
Yahoo
05-07-2025
- Automotive
- Yahoo
New Models, Robotaxi, and AI: Why Tesla's (TSLA) Still a Buy After Delivery Dip
Tesla, Inc. (NASDAQ:) is one of the . On July 2, Canaccord Genuity analyst George Gianarikas reiterated a Buy rating on the stock with a $303.00 price target. The rating affirmation follows Tesla's second-quarter delivery results, which exceeded Canaccord's recently lowered estimates by approximately 24,000 units. In particular, strong performance was witnessed in China, Norway, France, Spain, and Turkey, which led to the better-than-feared results. Regardless of this positivity, Tesla suffered its largest decline in year-over-year deliveries, falling 14% compared to Q2 2024. This is, the firm believes, largely due to Musk's political endeavors. Nevertheless, catalysts such as new models, traction from the revamped Model Y, and the expectations surrounding the Robotaxi announcement are likely to work for Tesla for the remainder of the year. Energy storage deployments also witnessed a slowdown, with the firm concerned about the development of energy structure for artificial intelligence. It stated that 'EVs drive the P&L, now and for the foreseeable future' and also stressed the need to see growth in Tesla's core business. Tesla, Inc. (NASDAQ:TSLA) is an automotive and clean energy company that leverages advanced artificial intelligence in its autonomous driving technology and robotics initiatives. While we acknowledge the potential of TSLA as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 10 AI Stocks in the Spotlight and . Disclosure: None.
Globe and Mail
04-07-2025
- Automotive
- Globe and Mail
Canaccord Genuity Keeps Their Buy Rating on Tesla (TSLA)
Canaccord Genuity analyst George Gianarikas reiterated a Buy rating on Tesla yesterday and set a price target of $303.00. The company's shares closed yesterday at $315.65. Don't Miss TipRanks' Half-Year Sale Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. Gianarikas covers the Industrials sector, focusing on stocks such as Surf Air Mobility, Inc., NuScale Power, and Arq Inc. According to TipRanks, Gianarikas has an average return of 1.2% and a 42.64% success rate on recommended stocks. The word on The Street in general, suggests a Hold analyst consensus rating for Tesla with a $285.73 average price target, implying a -9.48% downside from current levels. In a report released yesterday, RBC Capital also maintained a Buy rating on the stock with a $307.00 price target. The company has a one-year high of $488.54 and a one-year low of $182.00. Currently, Tesla has an average volume of 120.5M. Based on the recent corporate insider activity of 51 insiders, corporate insider sentiment is neutral on the stock. Last month, Xiaotong Zhu, the SVP, APAC of TSLA sold 15,000.00 shares for a total of $4,857,000.00.
Business Insider
03-07-2025
- Automotive
- Business Insider
Another Blow for Tesla (TSLA) as Sales Crash in Germany
Electric-vehicle (EV) maker Tesla's (TSLA) June sales in Germany, Europe's largest automotive market, fell sharply. The company sold just 1,860 vehicles, reflecting a 60% drop year-over-year. This decline marks the sixth consecutive month of falling sales for the company. Don't Miss TipRanks' Half-Year Sale Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. Further, TSLA sold 8,890 cars in the first half of the year, reflecting a solid 58.2% fall compared to the same period in 2024. This poor performance saw Tesla's market share in Germany shrink to 0.6%. It must be noted that this sharp decline for Tesla contrasts with the overall growth in the German electric vehicle market. Last month, new battery electric vehicle registrations rose 8.6% in the country. Three Reasons Behind This Plunge The plunge in TSLA's sales is likely due to rising competition, especially from Chinese automaker BYD (BYDDF), whose sales tripled to 1,675 units in June. This points to changing consumer preferences towards newer, more affordable EV models. Further, production adjustments, including the retooling of factories for the refreshed Model Y, have impacted supply chains and vehicle availability during the month. In addition, a decline in CEO Elon Musk 's public popularity may be contributing to the company's struggles in Germany. Canaccord Analyst Remains Bullish on Tesla Stock Despite TSLA's weak deliveries report, Canaccord Genuity analyst George Gianarikas reiterated a Buy rating and a $303 price target on Tesla. The analyst expects TSLA to benefit from a revamped Model Y, possible new models, and the anticipated Robotaxi launch later in 2025. He sees Tesla as a bold bet on self-driving tech, energy storage, and robotics, but growth in EV sales remains key to its earnings outlook. Is TSLA Stock a Buy? Turning to Wall Street, TSLA stock has a Hold consensus rating based on 13 Buys, 12 Holds, and nine Sells assigned in the last three months. At $285.73, the average Tesla price target implies a 9.88% downside potential. The stock has declined 23.21% over the past six months.
