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Investing.com -- Cantor Fitzgerald reiterated its bullish stance on Tesla (NASDAQ:TSLA) as shares trade around $350, citing a range of upcoming catalysts that could drive future growth despite near-term challenges.
“We remain bullish ahead of several material near-term potential catalysts,” analysts wrote in a post-earnings note.
Among the biggest drivers is the expected June launch of Tesla’s robotaxi service in Texas, according to the firm.
Cantor also highlighted the planned introduction of a lower-priced vehicle in the first half of 2025, which it estimates could start at around $30,000 including tax credits.
“[This] could be timely given the likely negative impact to vehicle prices due to tariff implementation and the likely removal of the tax credit,” the note said.
Cantor welcomed Elon Musk’s commitment to refocus on Tesla, citing his Q1 earnings call comments that his “time at DOGE will be significantly reduced” beginning in May, freeing him to “allocate more time to Tesla.”
Additional catalysts include the rollout of Full Self-Driving (FSD) features in China, which began in the first quarter, and a potential European rollout in the first half of 2025, pending regulatory approval.
The firm also pointed to the long-term potential of the Optimus humanoid robot and Tesla’s upcoming Semi truck, both slated to begin production in 2026.
Cantor believes Tesla’s global manufacturing footprint and vertical integration give it an edge over other automakers in managing tariffs. “Tesla is better-positioned (relative to other OEMS) to mitigate the impact from tariffs,” the analysts wrote.
While macro conditions, tariffs, political concerns, and a possible EV tax credit rollback may weigh on sentiment, Cantor sees long-term upside from Tesla’s push into FSD, energy storage, and robotics.