Cantor Fitzgerald Holds Overweight Rating on Tesla, Retains $355 Target Price

Cantor Fitzgerald has once again affirmed its Overweight rating on Tesla (NASDAQ: TSLA), setting a price target of 355.00, according to a research note released on Monday. Despite Tesla’s market capitalization exceeding 1 trillion and a high price-to-earnings ratio of 173, and there is data which indicates the stock is trading above its Fair Value.  

The firm continues to emphasize Tesla’s promising prospects in the autonomous vehicle sector, particularly praising the company’s Robotaxi initiative as a "software-as-a-service, high-margin business model" with strong potential for growth after it becomes fully commercialized.   

Cantor Fitzgerald expressed strong confidence that Tesla is poised to secure a major share in the autonomous driving and ride-sharing markets moving forward. Analyst Andres Sheppard echoed this positive outlook, highlighting the company’s long-term growth potential tied to innovations in transportation technology.  Sheppard’s positive outlook on Tesla is driven by the company’s plan to launch fully autonomous robotaxis starting in June, beginning with its fleet in Austin by the end of the month. Additionally, Tesla is preparing to launch the Model YL, a new variant of its popular Model Y SUV. Goldman Sachs (NYSE: GS) considers this launch an “incremental positive” for the company. The Model YL is slated to become available in China this fall, as Tesla seeks to expand its position in the three-row SUV category.  

Tesla’s Full Self-Driving system, also known as Tesla Vision, relies on advanced AI and machine learning to navigate the environment using cameras exclusively, foregoing LiDAR or radar. This technology has already accumulated over 3.5 billion supervised miles in the first quarter of 2025. 

While Tesla faces some short-term challenges due to macroeconomic factors, tariffs, and the phase-out of the EV tax credit, the firm remains confident in Tesla’s long-term market potential. 

In recent developments, Tesla reported delivering 384,122 vehicles in the second quarter of 2025, a figure that aligns closely with Visible Alpha consensus estimates but falls short compared to the prior year. Production for the quarter reached 410,244 vehicles, which was below analysts' expectations. Cantor Fitzgerald sustained its Overweight rating while revising its quarterly revenue estimate to about $21 billion. With the federal electric vehicle tax credit nearing its expiration, Tesla has introduced a variety of discounts and incentives across the U.S. market to help maintain sales momentum in one of its key regions. The company also appointed IT executive Raj Jegannathan to oversee its sales operations amid current revenue pressures.