Cantor Fitzgerald Supercharges Tesla with Bold Price Target Boost to $510
In a striking move, Cantor Fitzgerald has significantly raised its price target for Tesla, catapulting it from $355 to $510, while maintaining an Overweight/Buy recommendation. This optimistic evaluation stems from Tesla's strong production timelines for the much-anticipated Cybercab, Semi, and Megapack 3, as well as promising future developments like the Optimus humanoid robots. The increase also accounts for Tesla's above-anticipated financial metrics and planned capital expansions for 2025-2026, expected to drive substantial growth across its vehicle, energy, and FSD/robotics businesses.
Dec 19