Summary
- Cantor Fitzgerald upgraded Tesla shares rating after visiting Tesla’s data centers and production lines in Austin
- Despite negative news, Wall Street bulls see Tesla as a safe play with a robust presence in automotive, energy, and AI/Robotics industries
- Cantor Fitzgerald analyst believes there is a lot of potential for Tesla in 2025, including the Robotaxi rollout in Austin in June
- The catalysts for Tesla include Full Self-Driving rollout in China, eventually in Europe, and introduction of affordable models
- Potential weaknesses for Tesla include removal of EV tax credit and growth offset by tariffs, but the company is still showing growth, with shares up over 5 percent.
Article
Tesla received an upgraded rating on its shares from Wall Street firm Cantor Fitzgerald after visiting the company’s data centers and production lines in Austin. Despite facing pressure and negative news, Tesla is still considered a safe play by bulls on Wall Street due to its presence in the automotive, energy, and AI/Robotics industries. Analyst Andres Sheppard of Cantor Fitzgerald highlighted the potential and runway for Tesla in 2025, specifically mentioning the upcoming introduction of the Robotaxi segment and the continued rollout of Full Self-Driving technology.
Sheppard believes that Tesla is at an attractive entry point ahead of upcoming material catalysts, such as the Robotaxi rollout in Austin, the expansion of Full Self-Driving in China and Europe, and the introduction of affordable models in the first half of the year. Additionally, growth in the energy division through Optimus and the eventual launch of the Semi in the longer term are also seen as potential growth drivers for the company. Despite some potential weaknesses, including the likely removal of the EV tax credit and tariffs, Sheppard remains bullish on Tesla and has set a 12-month price target of $425 for the stock.
Tesla’s shares have increased by over 5 percent following the upgraded rating from Cantor Fitzgerald, with the stock trading at $236.86. The company’s presence in various industries and the upcoming product launches set for this year have contributed to the positive sentiment on Wall Street. The visit to Tesla’s Cortex AI data centers and Gigafactory Texas has provided insights into the company’s potential for growth and innovation in the coming years, reinforcing the bullish outlook for Tesla among analysts and investors.
Despite the current challenges and negative news surrounding Tesla, including potential lower-than-expected delivery figures for the Model Y, the company’s robust presence in automotive, energy, and AI/Robotics industries positions it as a safe play for bulls on Wall Street. The upcoming catalysts, including the introduction of the Robotaxi segment and the continued expansion of Full Self-Driving technology, are expected to drive growth for Tesla in the near future. Analyst Andres Sheppard’s positive outlook on Tesla’s potential for 2025 highlights the company’s opportunities for expansion and innovation in the coming years.
In addition to the automotive side, Sheppard also mentions potential growth drivers in the energy division through Optimus and the eventual launch of the Semi, further bolstering the positive sentiment on Tesla. Despite potential obstacles such as the removal of the EV tax credit and tariffs, Sheppard remains optimistic about Tesla’s growth prospects and has upgraded the company’s rating to Overweight from Neutral. The stock’s current performance following the upgraded rating reflects the positive outlook on Tesla among investors and analysts following the recent visit to the company’s facilities in Austin.
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