The Investment Bank Cantor Fitzgerald has retained a purchase note on TSLA shares today, citing what it considers as significant multiple and positive catalysts of the company.
Cantor has maintained a price target of $ 425 on the name.
Tesla, Inc. (TSLA) optimistic pilots
Tesla, Inc. (TSLA) is expected to launch its robotaxis next month, and it also plans to publish a more affordable EV in June, noted Cantor.
In addition, the CEO Elon Musk said that he would spend more time to manage the car manufacturer, and the company should benefit from the launch of its automated driving system in China earlier this year, according to the investment bank.
Finally, the company should begin to deliver its humanoid robot in 2027, and it was supposed to launch its semi-camion Tesla in 2026. The latter will leave the company ready to enter the market of autonomous trucks, according to Cantor.
The recent Tesla price action, Inc. (TSLA)
Last month, the action jumped 49%, when it dropped 5% in the last three months.
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Disclosure: None. This article is initially published on Insider Monkey
