Add as a preferred source on GoogleCantor Keeps Tesla at Overweight With a $485 Price Target
The firm viewed the Oct. 15 Roadster demonstration as impressive but expects limited near-term profit as production timing remains uncertain.
Cantor Fitzgerald maintained its Overweight rating on Tesla and kept its $485 price target. The firm sees the Roadster making a limited contribution to near-term profit, even after an impressive demonstration.
Cantor viewed the Roadster demonstration on Oct. 15 as impressive. It still sees uncertainty around how quickly Tesla can move the sports car into mass production, which may delay meaningful financial returns.
The assessment leaves the rating and target unchanged. The pace of production remains a key factor in the Roadster’s commercial outlook.
Enna Lee
ReporterEnna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.