Particle.news
Download on the App Store
3 ARTICLES
·
2mo ago

Tesla Stock Rises 3% Following Cantor Fitzgerald Upgrade

Analysts cite Tesla's upcoming Robotaxi launch, FSD expansion, and diversification efforts as key growth drivers despite recent challenges.

Tesla electric vehicles outside the company's Shanghai gigafactory.
Image

Overview

  • Cantor Fitzgerald upgraded Tesla's stock to 'Overweight,' setting a $425 price target, which represents an 81% upside from current levels.
  • Tesla plans to launch its Robotaxi service in June 2025, alongside the expansion of its Full Self-Driving (FSD) technology in China and Europe this year, pending regulatory approval.
  • The company received a permit from California regulators to operate a ride-hailing service, advancing its autonomous vehicle ambitions.
  • Tesla's stock has dropped 52% since December 2024, partly due to investor concerns over Elon Musk's political ties, but it has recently rebounded by nearly 3%.
  • Long-term growth catalysts include the production of the Optimus Bot by 2026, the introduction of a lower-priced vehicle in 2025, and Tesla's energy storage initiatives.