Tesla Receives Upgraded Rating from Cantor Fitzgerald Ahead of Product Launches
Tesla (NASDAQ: TSLA) has 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 preparation for several high-profile product launches scheduled for this year.
Despite facing pressure and negative news, Tesla remains a strong player in the market. The company’s sentiment has been affected by concerns over potentially lower-than-expected delivery figures due to the launch of a new version of its popular vehicle, the Model Y.
However, Wall Street analysts still view Tesla as a safe investment, considering its diverse presence in industries such as automotive, energy, and AI/Robotics.
Analyst Andres Sheppard from Cantor Fitzgerald noted during the visit to Tesla’s Cortex AI data centers and Gigafactory Texas that there is significant potential for the company in 2025:
“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. Our Thoughts: Attractive Entry Point Ahead of Material Catalysts.”
Sheppard highlighted the upcoming catalysts for Tesla, including the Robotaxi rollout in Austin, continued Full Self-Driving rollout in China, FSD launch in Europe, and the introduction of affordable models in the first half of the year. Additionally, growth in the energy division and the potential launch of the Semi truck are expected to drive further growth for the company.
Despite potential weaknesses such as the removal of the EV tax credit and challenges with tariffs, Sheppard believes that Tesla’s overall growth trajectory remains strong.
As of Wednesday, Tesla’s stock is up over 5 percent, trading at $236.86.