Tesla Receives Upgraded Rating from Wall Street Firm Cantor Fitzgerald
Tesla (NASDAQ: TSLA) recently received an upgraded rating on its shares from Wall Street firm Cantor Fitzgerald. The firm took a trip to Austin to visit Tesla’s data centers and production lines in anticipation of several high-profile product launches scheduled for this year.
Despite facing pressure and negative news, including concerns about sentiment and potential lower-than-expected delivery figures due to the launch of a new version of the Model Y, Tesla continues to be seen as a safe play by bullish investors on Wall Street. The company’s strong presence in the automotive, energy, and AI/Robotics industries is a significant factor in this confidence.
Cantor Fitzgerald analyst Andres Sheppard, who visited Tesla’s Cortex AI data centers and Gigafactory Texas production line, highlighted the company’s potential for growth in 2025. Sheppard upgraded Tesla to Overweight from Neutral, citing upcoming catalysts and maintaining a $425 12-month price target.
In his note, Sheppard pointed out the upcoming catalysts, including the Robotaxi rollout in Austin, continued Full Self-Driving deployment in China, the anticipated launch of FSD in Europe, and the introduction of affordable models in the first half of the year. Additionally, he mentioned other growth opportunities like Optimus, expansion in the energy division, and the potential of the Semi truck.
Sheppard also identified potential weaknesses for Tesla, such as the potential removal of the EV tax credit and challenges posed by tariffs. Despite these obstacles, Tesla’s stock saw a 5% increase on Wednesday, trading at $236.86.