Cantor Fitzgerald Reiterates Overweight Rating on Tesla, $355 Price Target

Cantor Fitzgerald analyst Andres Sheppard reiterated an Overweight rating and $355 price target on Tesla (NASDAQ: TSLA).

“We reiterate our Overweight rating & our 12-month $355 PT, ahead of material near-term catalysts. While we expect some near-term headwinds due to macro conditions, tariffs, Mr.

Musk’s polarizing politics, and likely removal of EV Tax Credit, our long-term bullish thesis remains intact.

While management expects to revise its 2025 automotive growth and Energy Storage targets (>50% YoY) in 2Q, we are encouraged by the company’s reaffirmation of: launch of Robotaxi in Texas in June (followed by CA), and introduction of lower-priced vehicle in 1H25 (we expect initial price of ~$30,000 inclusive of tax credit).

We are also encouraged by Mr. Musk’s comments that his time at DOGE will be significantly reduced starting in May, and that, as a result, he plans to allocate more time to Tesla.

We remain bullish ahead of other key material catalysts, including: rollout of FSD in China (started in 1Q25), rollout of FSD in Europe (we expect 1H25, pending regulatory approval), high volume production of Optimus Bot (2026E), initial deliveries of Optimus to customers (we expect 2027E), and introduction of Semi Truck (we expect SOP in 2026 and for TSLA to enter the self-driving trucking industry).

We continue to see future revenue upside from FSD, Robotaxi, Energy Storage & Deployment, and Optimus Bots to be fundamental to TSLA’s thesis over the long term.

Overall, with Tesla’s shares down ~36% YTD, we continue to believe this is an attractive entry point for investors with >12-month investment horizon (and who are comfortable with volatility).”

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