Cantor Fitzgerald Raises Tesla (TSLA) PT to $510; Bullish Over Medium-Long Term

Cantor Fitzgerald analyst Andres Sheppard raised the price target on Tesla (NASDAQ: TSLA) to $510.00 from $355 and reiterated an Overweight rating.

The analyst commented, "TSLA disclosed that volume production of its Cybercab, Semi, and Megapack 3 are all on-track for FY26 (with production lines for Optimus also targeted for next year), which we see as significant. Lastly, TSLA also disclosed that it expects a "significant increase" in capex for next year (we model ~$9.2B for FY25, and ~$12B for FY26). Overall, we remain bullish on TSLA over the medium-to-long-term, and we continue to see meaningful future upside from Energy Storage & Deployment, FSD, Robotaxis/Cybercab, Semis, and Optimus Bots. We maintained our Overweight rating and recently increased our Price Target to $510 (from $355 prior). However, with Tesla's shares currently trading near its all-time."

For an analyst ratings summary and ratings history on Tesla click here. For more ratings news on Tesla click here.

Shares of Tesla closed at $433.72 yesterday.

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