Cantor Fitzgerald lowered the firm’s price target on Tesla (TSLA) to $355 from $425 and keeps an Overweight rating on the shares. Cantor remains bullish on Tesla and is encouraged by management’s reaffirmation of the launch of the Robotaxi in Texas in June as well as the introduction of a lower-priced vehicle in the first half of 2025, the analyst tells investors in a research note. Cantor is also encouraged by CEO Elon Musk’s comments that he will significantly reduce his time at DOGE starting in May, with plans to allocate more time to Tesla.
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