Tesla (TSLA) Stock Gains as Top Analyst Names It a “Must Own” Stock
TLDR
- Tesla stock trades around $426, holding a technical uptrend that started in April 2025 and has doubled the share price since then
- Melius Research called Tesla a “must-own” stock heading into 2026, citing AI leadership and Full Self-Driving technology advances
- Elon Musk revealed Austin robotaxi fleet will only reach 60 vehicles in December, down from his earlier promise of 500 by year-end
- Support levels around $390-$410 remain intact while resistance sits at $460-$470, with weak volume suggesting cautious trading
- Mizuho Securities cut its price target to $475 from $500 on concerns about reduced EV subsidies in the U.S. and China
Tesla shares climbed 1.7% to $426.60 on November 27 as investors digested mixed signals about the company’s robotaxi ambitions and bullish analyst commentary. The stock has doubled since April, maintaining an uptrend despite recent volatility.
Tesla, Inc., TSLA
Melius Research issued a “must-own” rating for Tesla heading into 2026. The firm pointed to the company’s progress in artificial intelligence, Full Self-Driving technology, and in-house chip development as key reasons for optimism.
Analyst Rob Wertheimer wrote that Tesla’s strategic decisions from years ago “seem to be working well” while competitors struggle to catch up. He noted that assumptions about rivals quickly matching Tesla’s technology advances now appear less certain.
The timing proved helpful for bulls. Tesla had been testing the lower end of its trading range before Melius released its report.
Robotaxi Reality Check
Elon Musk announced the Austin robotaxi fleet would “roughly double next month” to about 60 vehicles. That number falls far short of his October promise of 500 robotaxis in Austin and 1,000 in the Bay Area by year-end.
Tesla hasn’t publicly disclosed exact fleet numbers. The revised target suggests the company remains behind its scaling ambitions. Musk had stated on an earnings call that Tesla would expand to eight to ten U.S. metro areas within a year.
Only three markets appear on track for 2025: Austin, the Bay Area, and possibly Phoenix. Rides in these cities still require safety monitors. Musk claims these supervisors will be removed by the end of next year, but regulatory approvals remain unclear.
The robotaxi pullback drew fresh questions from investors about Tesla’s autonomous vehicle timeline. Despite the scaled-back fleet size, shares rose on the news, suggesting the market had already priced in potential delays.
Technical Picture and Analyst Views
Tesla stock finds support in the $390-$405 zone. This range has attracted buyers multiple times in November. The broader S&P 500 gained nearly 4% over four sessions, helping Tesla stabilize.
Resistance sits at $460-$470, a previous supply zone that includes the 50-day and 100-day moving averages. A sustained break above $470 would signal renewed strength. Below $400 could open a path toward $370.
Daily trading volume has declined from third-quarter peaks. The Relative Strength Index sits in neutral territory between 50 and 55, showing neither overbought nor oversold conditions.
Stifel Nicolaus recently raised its price target to $508. However, HSBC and UBS Group maintain sell ratings, warning that Tesla’s high valuation leaves little margin for error. Bears point to weakening demand in Europe and China, where EV registrations have dropped this year.
Mizuho Securities lowered its target to $475 from nearly $500. The firm cited reduced EV subsidies in the U.S. and China as potential headwinds. Fading tax credits could hurt Tesla’s cost advantage and slow delivery growth.
The $390-$410 range remains critical for bulls heading into year-end. A push toward $460 could build momentum for a test of last year’s high near $490. Investors are watching for updates on FSD regulatory approvals and the Cybercab initiative.
As of November 27, Tesla trades at $426.60 with the Austin robotaxi fleet expected to reach approximately 60 vehicles in December.
The post Tesla (TSLA) Stock Gains as Top Analyst Names It a “Must Own” Stock appeared first on Blockonomi.
You May Also Like
Flora Growth Announces $401M Funding to Boost AI Zero Gravity (0G) Coin Treasury
Highlights: Flora Growth announces $401M PIPE financing round aimed at establishing an AI Zero Gravity (0G) coin treasury. DeFi Development Corp. led the fundraising exercise with strong support from other companies. Flora Growth will rebrand to ZeroStack following the successful completion of the PIPE financing round. One of the world’s leading decentralised artificial intelligence (AI) treasury companies, Flora Growth, has announced the pricing of a $401 million private investment in public equity (PIPE) round. According to a September 19 press release, the move aims to fund the firm’s treasury strategy centred on AI Zero Gravity (0G) tokens. Upon completion of the PIPE round, Flora Growth will rebrand to ZeroStack, while still maintaining its current market ticker symbol, FLGC. Notably, the financing round is expected to close on or before September 26, 2025, pending customary approvals. Flora Growth Corp. (NASDAQ: FLGC) announced a $401 million PIPE financing led by Defi Development Corp., Hexstone Capital, and CSAPL. 0G Co-Founder Michael Heinrich will become Executive Chairman. The deal is expected to close on September 26. The company will adopt $0G as its… — Wu Blockchain (@WuBlockchain) September 19, 2025 Flora Growth Announces $401M PIPE with Strong Backing from Leading Crypto Firms DeFi Development Corp. (DFDV), the first treasury firm focused on Solana (SOL), led the financing round with a $22.88 million investment. Other partners included Hexstone Capital, Dispersion Capital, Blockchain Builders Fund, Carlsberg SE Asia PTE Ltd (CSAPL), Abstract Ventures, Salt, and Dao5. The fundraising exercise has already generated $35 million in cash commitments and $366 million worth of in-kind digital assets. Flora Growth sold its common shares and pre-funded warrants to investors at $25.19 per share. The company also pegged 0G tokens contribution at $3 per coin, adding that investors paying either cash or 0G tokens will also receive pre-funded warrants, exercisable once shareholder approval is granted. A big NASDAQ company (Flora Growth) just announced they’re raising $401 million. ︎ They plan to buy and hold $0G tokens as part of their company’s savings/treasury. Flora’s deal values $0G at around $3 per token for their planned purchase. Right now $0G is trading below… pic.twitter.com/qhOa3uT5ii — Jimmywontgiveup(Ø,G) (@jimmywontgiveup) September 20, 2025 Flora Growth Plans to Hold SOL in Its Treasury Flora Growth noted that it plans to hold part of its treasury in SOL. Joseph Onorati, the CEO of DeFi Development Corp., spoke on the partnership.“We’re thrilled to partner with FLGC on this fundraiser and look forward to driving a deep collaboration between 0G and Solana,” the CEO stated. Daniel Reis-Faria, Flora Growth’s incoming Chief Executive Officer (CEO), also spoke on the company’s latest initiative. He explained that the move encompasses financial restructuring and support for adopting AI infrastructures. The CEO commented: “This treasury strategy offers institutional investors equity-based exposure, enabling transparent, verifiable, large-scale, cost-efficient, and privacy-first AI development.” A Brief 0G Token Overview, Highlighting Reasons for Flora Growth’s Interest 0G is gaining significant traction, which has made experts describe the token as a breakthrough in decentralised AI. 0G’s model trained a 107 billion AI parameter model, representing a 357x improvement over Google’s DiLoCo research, challenging the idea that huge centralised data centres are needed for such projects. The 0G network proved that a decentralised network is highly effective for cost-effective computations, with transparent and privacy-first solutions. Unlike other AI blockchains, 0G integrated its computation, storage, and training marketplace into one platform, attracting Web2 and Web3 developers. In related news, Crypto2Community reported that Brera Holdings, an Ireland-based company, completed a $300 million PIPE financing round for a Solana-focused treasury on September 19. The fundraising program was led by Pulsar Group, a blockchain advisory firm based in the UAE. It received strong backing from the Solana Foundation, RockawayX, and ARK Invest. Like Flora Growth, Brera Holdings also rebranded to Solmate. eToro Platform Best Crypto Exchange Over 90 top cryptos to trade Regulated by top-tier entities User-friendly trading app 30+ million users 9.9 Visit eToro eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk. Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment, and you should not expect to be protected if something goes wrong.
XRP Whales Accumulate as Retail Pulls Back — Bullish Signal Ahead
