Cantor Fitzgerald maintained its Overweight rating on Tesla and raised its price target significantly to $510 from $355. The firm's optimism is rooted in Tesla's accelerated plans for volume production of the Cybercab, Semi, and Megapack 3, all scheduled for fiscal year 2026. Production lines for the Optimus robot are also anticipated for the same year. The investment firm highlighted plans to increase output at the Fremont facility to one million cars annually by late 2026, with a much larger production initiative planned for the Gigafactory in Texas starting in 2027. However, not all analysts share this bullish outlook; Truist Securities recently reiterated a Hold rating, expressing caution over the unproven nature and minimal current revenue from Tesla's AI-driven technologies like Optimus.
Cantor Fitzgerald Boosts Tesla Price Target on Accelerated Production Plans
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