Tesla stock has hit a rough patch in recent weeks, but top analysts still see big gains ahead for the EV maker's stock this year.

Tesla shares have slowed their post-election rally and have underperformed the Nasdaq since the start of the year.

Tesla shares have gained ground the past two sessions after a five-day losing streak during which the stock lost 18% of its value. Monitor these important chart levels.

The analyst also noted in a CNBC interview that Tesla owners paying the additional $8,000 upgrade for existing vehicles to adopt FSD would result in a big boost in profit margin. That would help provide a return on the huge amount of capital Tesla spends on artificial intelligence (AI) infrastructure to develop FSD.

Despite Tesla publishing a weak deliveries report in early January, TSLA continues trading in the green and analyst keep rating it as 'buy.'

Tesla stock slipped on Tuesday after Bank of America said it sees shares fairly priced, with some risk to the downside.

A Tesla analyst sees upcoming revamped and new vehicle models helping to boost sales along with Full Self-Driving licensing potential, brushing aside the company's recent fourth-quarter delivery miss.