Cantor Fitzgerald ‘bullish’ on Tesla ahead of near-term catalysts

Cantor Fitzgerald says the firm remains “bullish” on Tesla (TSLA) ahead of several material near-term potential catalysts, telling investors that the firm is encouraged by management’s reaffirmation of the launch of the Robotaxi in Texas in June and the introduction of a lower-priced vehicle in the first half of 2025, which could be timely given the likely negative impact to vehicle prices due to tariff implementation and the likely removal of the tax credit. Cantor, which has an Overweight rating and $355 price target on the shares, is “encouraged” by Musk’s commentary that his “time at DOGE will be significantly reduced” starting this month. The firm believes Tesla is better-positioned to mitigate the impact from tariffs.