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On Monday, Cantor Fitzgerald reiterated its positive stance on Tesla stock, maintaining an Overweight rating and a $355.00 price target, falling within the current analyst range of $115 to $465. With a market capitalization of $917.8 billion and a P/E ratio of 148.4, Tesla commands a premium valuation. The firm’s optimism is buoyed by several upcoming milestones for the electric vehicle giant, despite acknowledging potential short-term challenges. According to InvestingPro data, Tesla maintains strong financial health with a "GOOD" overall rating, supported by 20+ key performance indicators available to subscribers.
Tesla, listed on (NASDAQ:TSLA), has been navigating a period marked by broader macroeconomic conditions, tariffs, and the controversial politics of CEO Elon Musk, alongside the probable elimination of the EV Tax Credit. While the stock has declined approximately 29.4% year-to-date, it maintains a strong financial position with more cash than debt on its balance sheet. These factors have not swayed Cantor Fitzgerald’s long-term confidence in the company. InvestingPro analysis reveals Tesla generated $95.7 billion in revenue over the last twelve months, demonstrating its significant market presence despite challenges. The firm anticipates revisions to Tesla’s automotive growth and Energy Storage targets, which are currently projected to exceed 50% year-over-year growth, to be announced in the second quarter.
The reaffirmation of several key initiatives by Tesla management has further bolstered this confidence. The launch of a Robotaxi service in Texas, expected in June, followed by a California rollout, and the introduction of a lower-priced Tesla vehicle in the first half of 2025, with an anticipated starting price around $30,000 including tax credits, are among the developments highlighted by the analyst.
Musk’s announcement that he will be reducing his time at Dogecoin (DOGE) starting in May, allowing him to dedicate more time to Tesla, was also noted as a positive factor. The firm is enthusiastic about other significant catalysts on the horizon for Tesla, including the rollout of Full Self-Driving (FSD) features in China, which began in the first quarter of 2025, and the expected launch of FSD in Europe in the first half of 2025, pending regulatory approval.
Looking further ahead, Cantor Fitzgerald anticipates high-volume production of the Optimus Bot to commence in 2026, with initial deliveries to customers expected in 2027. Additionally, the introduction of the Tesla Semi Truck is projected to start in 2026, positioning Tesla to enter the self-driving trucking market. InvestingPro subscribers can access detailed financial analysis and over 20 additional investment tips about Tesla, including crucial metrics about its operational efficiency and growth potential. Get the complete picture with the comprehensive Pro Research Report, available exclusively to subscribers.
The firm sees the potential for significant revenue growth from Tesla’s Full Self-Driving capabilities, Robotaxi services, Energy Storage and Deployment, and Optimus Bots as fundamental to the company’s long-term success. Despite Tesla shares experiencing a decline of approximately 36% year-to-date, Cantor Fitzgerald views the current stock price as an attractive entry point for investors with a time horizon extending beyond 12 months and a tolerance for market volatility.
In other recent news, Tesla has made headlines with several key developments. The company raised its vehicle prices in Canada, urging consumers to purchase before counter-tariffs on US-made vehicles take effect. Analysts from Barclays (LON:BARC) have maintained their Equalweight rating on Tesla, keeping the price target steady at $275.00. This comes amid potential regulatory changes from the National Highway Traffic Safety Administration that could benefit Tesla’s Robotaxi ambitions. Meanwhile, Stifel adjusted Tesla’s price target to $450, citing weaker-than-expected first-quarter results for 2025 due to lower vehicle deliveries and external pressures such as tariffs. However, Stifel analysts remain optimistic, maintaining a Buy rating and highlighting the potential of Tesla’s new Model Y and unsupervised Full Self-Driving feature. Additionally, the broader Magnificent Seven stocks, including Tesla, experienced fluctuations due to uncertainties surrounding U.S.-China tariffs. These recent developments underscore the dynamic environment in which Tesla operates, marked by both challenges and opportunities.
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