TSX gains after CPI shows US inflation rose 3%
Investing.com - Cantor Fitzgerald has reiterated its Overweight rating and $355.00 price target on Tesla (NASDAQ:TSLA) as the electric vehicle maker’s shares have rallied approximately 28% over the past 30 days. According to InvestingPro data, Tesla’s stock has gained over 67% in the past six months, with analyst price targets ranging from $115 to $600.
The investment firm noted that Tesla’s third-quarter vehicle deliveries are expected to grow year-on-year, partially due to sales momentum created by the impending end of the $7,500 EV tax credit. For Q3 2025, consensus estimates project 443,079 deliveries and 464,513 vehicles produced. InvestingPro analysis shows Tesla maintains strong financial health with a ’GOOD’ overall score, supported by annual revenue of $92.7 billion and healthy profit margins.
Tesla CEO Elon Musk recently purchased approximately 2.57 million Tesla shares on September 15, his first such purchase in five years. The transaction, valued at roughly $1 billion, potentially signals Musk’s long-term commitment to remaining at the company’s helm.
The automaker will report third-quarter earnings later in October and will seek shareholder approval for a compensation package for Musk valued at approximately $1 trillion during its November annual meeting. The proposed package ties Musk’s compensation to market capitalization milestones, requiring Tesla to reach an $8.5 trillion valuation compared to its current market cap of around $1 trillion.
For Musk to receive the full compensation, he must remain at Tesla for at least 10 years and meet operational milestones including overseeing the commercial deployment of 1 million autonomous taxis and 1 million robots, according to Bloomberg.
In other recent news, Tesla has seen several significant developments. Deutsche Bank has increased its price target for Tesla to $435, maintaining a Buy rating, as they anticipate the company will deliver 461,500 vehicles in the third quarter, surpassing consensus expectations. Piper Sandler also raised its price target for Tesla to $500, citing insights gained from a recent trip to China. Additionally, Baird upgraded Tesla’s stock rating to Outperform from Neutral, with a new price target of $548, highlighting Tesla’s potential in AI leadership despite recent earnings misses.
Meanwhile, Tesla has urged the Trump administration to uphold vehicle emissions standards, emphasizing the importance of greenhouse gas regulations. In the European market, Tesla faced competition from Chinese automaker BYD, which surpassed Tesla in EU sales for the second consecutive month. BYD’s sales increased significantly, capturing a larger market share, while Tesla’s market share in the EU decreased. These developments reflect a dynamic period for Tesla, with both challenges and opportunities on the horizon.
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