TSLA: Cantor Fitzgerald Upgrades Tesla to Overweight from Neutral - PT 425 The analyst comments: After visiting Tesla’s Austin Gigafactory and AI data centers (3/18), we upgrade Tesla to Overweight (from Neutral) with a 425 price target (unchanged). Key Reasons: 🔸 Shares down ~45% YTD present a buying opportunity. 🔸 Major upcoming catalysts: 🔸 Robotaxi launch (Austin June 2025, California later). 🔸 FSD rollout in China (started 1Q25) and Europe (expected 1H25). 🔸 New lower-cost vehicle (~30K, 1H25). 🔸 Semi Truck production (2H25/2026). 🔸 Optimus Bot mass production (2026) and deliveries (late 2026). Outlook: 🔸 Tesla expects auto growth in 2025, though partially offset by tariffs and EV tax credit removal. 🔸 Near-term softness likely (weak Europe demand, China competition, political noise). 🔸 Long-term upside driven by FSD, Robotaxi, Energy, and Optimus.