Cantor Fitzgerald upgraded Tesla's stock to 'Overweight' from 'Neutral' after a recent visit to its data centers and production lines. The firm acknowledges ongoing challenges such as negative sentiment and lower delivery expectations for the Model Y. However, they see significant growth potential due to upcoming products like the Robotaxi and enhancements in self-driving technology. Analyst Andres Sheppard pointed out several catalysts in 2025 that could bolster the company's trajectory and maintain a price target of $425 per share.
"On 3/18, we visited Tesla's Cortex AI data centers and the factory's production lines ahead of the company's introduction of its Robotaxi segment (targeted for June in Austin, followed by CA later in 2025)."
"With Tesla's shares now down ~45% YRD, we upgrade Tesla to Overweight (from Neutral) ahead of upcoming material catalysts. Our $425 12-month PT is unchanged."
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