Cantor Fitzgerald Reiterates Overweight on Tesla With $485 Target Ahead of Q3 Deliveries

Cantor Fitzgerald reaffirmed its Overweight rating and $485 price target on Tesla on September 28, implying roughly 30% upside potential ahead of the company's third-quarter delivery preannouncement. Analyst Andres Sheppard cited momentum in commercial vehicle production and autonomous initiatives, noting Tesla is producing up to 1,000 Semi trucks per week at its Sparks, Nevada facility. However, Cantor's third-quarter estimates track below market consensus, projecting 421,758 vehicle deliveries versus the Visible Alpha consensus of 448,679 units, and 15 gigawatt-hours in energy storage deployments against expectations of 17.1 gigawatt-hours.