Cantor Bullish on TSLA (Patreon)

Cantor Fitzgerald reaffirmed its $425 price target on $TSLA shares this morning in a new note:

“With shares currently trading at ~$350, we remain bullish ahead of several material near-term potential catalysts.”

On affordable models:

“We expect initial price of ~$30,000 inclusive of tax credit…timely given the likely negative impact to vehicle prices due to tariff implementation and the likely removal of the tax credit.”

Other catalysts include Optimus, Semi:

“High volume production of Optimus Bot (2026E), initial deliveries of Optimus to customers (we expect 2027E), and introduction of the Semi Truck (we expect SOP in 2026 and for TSLA to enter the self-driving trucking industry),” were all cited as longer-term growth drivers.”