Cantor Fitzgerald Boosts Tesla (TSLA) Price Target as New Production Plans Accelerate Growth Outlook

Core Viewpoint - Tesla Inc. is recognized as a leading sustainability stock, with Cantor Fitzgerald maintaining an Overweight rating and raising its price target from $355 to $510, citing significant production milestones for Cybercab, Semi, and Megapack 3 in fiscal year 2026 [1][4]. Group 1: Production Plans - Tesla plans to manufacture early Optimus V3 prototypes at its Fremont facility, aiming to increase output to approximately one million cars per year by late 2026, with a larger production push expected in Texas [3]. - The Gigafactory Texas line is set to begin production in 2027, with an annual capacity of 10 million units [3]. Group 2: Financial Projections - Cantor Fitzgerald anticipates a significant increase in capital expenditures, projecting about $9.2 billion for fiscal year 2025 and $12 billion for the following year [4]. Group 3: Market Sentiment - Truist Securities has reiterated a Hold rating on Tesla with a price target of $406, expressing concerns about the company's future growth drivers and the unproven status of its physical AI technologies, including the Optimus robot, which currently generates close to zero revenue [5].