Tesla Inc shares are surging higher on Monday amid positive analyst coverage from Cantor Fitzgerald. The firm has boosted its Tesla price target from $355 to $510 per share, maintaining an “Overweight” rating based on continued confidence in the company’s long-term growth prospects.
Key Developments
- Cantor Fitzgerald’s updated valuation is driven by upcoming production goals for the Cybercab, Semi, and Optimus, combined with growing potential in Tesla’s Energy and self-driving projects.
- Volume production for the Cybercab, Semi, and Megapack 3 remains on track for fiscal 2026, with Optimus manufacturing lines also set to begin operations next year.
- The analyst believes these developments are significant, underscoring how Tesla’s wide range of products helps it grow as a fully integrated energy and AI company.
Analyst Commentary
According to analyst Andres Sheppard, “Overall, we remain bullish on TSLA over the medium-to-long-term.” The firm expects Tesla to spend about $9.2 billion in 2025 and around $12 billion in 2026 as it grows its operations. Sheppard commented that these investments fall in line with Tesla’s expansion into robotics, autonomous driving capabilities, and energy storage solutions.
Price Target and Upside Potential
Cantor Fitzgerald’s $510 target implies approximately 12% upside potential from current levels. The new forecast shows the firm believes Tesla’s future value goes far beyond car sales, with “meaningful future upside” expected from its Full Self-Driving, Robotaxi/Cybercab, Semi, and Optimus initiatives.
Tesla’s Strategic Priorities
In the company’s third-quarter update letter, Tesla emphasized its strategic priorities, including evolving and augmenting its product lineup with a focus on cost, scale, and future monetization opportunities via services powered by its AI software. Cybercab, Tesla Semi, and Megapack 3 are on schedule for volume production starting in 2026.
TSLA Price Action
Tesla shares are up 5.38% to $457.19, marking one of the stock’s bigger single-day moves this year. The stock hit a high of $460.16 and traded as low as $438.69. Tesla currently sits about 6% below its 52-week high, but is cruising 15.2% above its 50-day moving average.