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 ahead of several high-profile product launches scheduled for this year.
Despite facing pressure and negative news, Tesla remains a favorite among Wall Street bulls due to its strong presence in automotive, energy, and AI/Robotics industries.
Cantor Fitzgerald analyst Andres Sheppard, in a recent note, highlighted the potential and runway for Tesla in 2025 based on the visit to Tesla’s Cortex AI data centers and Gigafactory Texas production lines. Sheppard upgraded Tesla to Overweight from Neutral, citing upcoming catalysts such as the Robotaxi rollout in Austin, continued Full Self-Driving rollout in China, and the introduction of affordable models.
Sheppard also mentioned potential weaknesses, including the likely removal of the EV tax credit and tariffs affecting growth. However, he believes these factors will be offset by Tesla’s strong performance in various divisions.
Currently, Tesla is trading at $236.86, up over 5 percent on Wednesday.
Key Points:
- Wall Street firm Cantor Fitzgerald upgraded Tesla’s shares following a visit to the company’s data centers and production lines.
- Tesla remains a safe play for investors due to its presence in automotive, energy, and AI/Robotics industries.
- Analyst Andres Sheppard highlighted upcoming catalysts for Tesla in 2025, including the Robotaxi rollout and Full Self-Driving expansion.
- Potential weaknesses for Tesla include the removal of the EV tax credit and tariffs affecting growth.