Cantor Fitzgerald raised the firm’s price target on Tesla (TSLA) to $510 from $355 and keeps an Overweight rating on the shares. Tesla beat sell-side consensus on Q3 revenue, gross margin and free cash flow, though adjusted EPS was slightly below expectations, the analyst tells investors. The firm remains bullish on Tesla over the medium to long term on “meaningful future upside” from Energy Storage and Deployment, FSD, Robotaxis/Cybercab, Semis, and Optimus Bots, but with shares currently trading near all-time highs, it suggests new investors wait for a potential pullback to try and find a better entry point.
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