Tesla stock price target maintained at $355 by Cantor Fitzgerald

Investing.com - Cantor Fitzgerald has reiterated its Overweight rating on Tesla (NASDAQ:TSLA) with a price target of $355.00, according to a research note published Monday. The target comes as Tesla, currently valued at over $1 trillion, trades at a P/E ratio of 173, with InvestingPro data indicating the stock is trading above its Fair Value.

The firm maintained its positive outlook on the electric vehicle manufacturer, particularly highlighting Tesla’s potential in the autonomous vehicle market.

Cantor Fitzgerald views Tesla’s Robotaxi segment as a "software-as-a-service, high-margin model" with significant scaling capabilities following commercialization.

The research firm expressed confidence that Tesla will "capture a significant share of the autonomous driving and ride-sharing industries" in the future.

Cantor Fitzgerald analyst Andres Sheppard provided the assessment, reinforcing the firm’s bullish stance on Tesla’s long-term growth prospects in emerging transportation technologies.

In other recent news, Tesla reported its second-quarter 2025 vehicle deliveries, which totaled 384,122, aligning closely with Visible Alpha consensus expectations but falling short of the previous year’s figures. The company produced 410,244 vehicles during this period, which was below analyst expectations. Cantor Fitzgerald has maintained its Overweight rating and $335 price target for Tesla, though it adjusted its revenue estimate for the quarter to approximately $21 billion. Tesla has introduced a range of discounts and incentives in the U.S. as the federal tax credit for electric vehicles nears expiration, aiming to boost sales in its last strong market. Raj Jegannathan, an IT executive, has been appointed to lead Tesla’s sales team amid these revenue challenges. Meanwhile, Tesla announced the upcoming launch of the Model YL, a new variant of its Model Y SUV, which Goldman Sachs views as an "incremental positive" for the company. The Model YL is expected to be available in China this fall, as Tesla aims to strengthen its position in the three-row SUV market.

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