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 surrounding the company’s sentiment and potential lower-than-expected delivery figures due to the launch of a new version of the Model Y, Cantor Fitzgerald remains bullish on Tesla. The firm views Tesla as a safe play, citing the company’s strong presence in various industries such as automotive, energy, and AI/Robotics.
Analyst Andres Sheppard from Cantor Fitzgerald highlighted the potential and runway for Tesla in 2025 following a visit to Tesla’s Cortex AI data centers and Gigafactory Texas production line. Sheppard emphasized upcoming catalysts, 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.
Sheppard also mentioned other growth opportunities for Tesla, such as Optimus, expansion in the energy division, and the long-term potential of the Semi truck. However, he identified potential weaknesses for Tesla, including the likely removal of the EV tax credit and tariff challenges that could hinder further growth for the company.
Despite these challenges, Tesla’s stock is up over 5 percent, currently trading at $236.86. Cantor Fitzgerald maintains an Overweight rating on Tesla shares and believes that the company is poised for significant growth with the upcoming catalysts on the horizon. Investors are advised to consider Tesla as an attractive entry point ahead of these material catalysts.
With the promise of new product launches, advancements in AI technology, and expansion into various industries, Tesla continues to position itself as a leader in the market. Stay tuned for more updates on Tesla’s journey towards innovation and growth.