Cantor Fitzgerald analyst Andres Sheppard reiterated an Overweight rating and $355.00 price target on Tesla (NASDAQ: TSLA).

The analyst commented, “Overall, we continue see Tesla's Robotaxi segment as a software-as-a-service, high-margin model, and we expect TSLA to have the ability to rapidly scale following commercialization. We continue to believe that TSLA will capture a significant share of the autonomous driving and ride-sharing industries.”

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Shares of Tesla closed at $329.84 yesterday.