Cantor Fitzgerald analyst Andres Sheppard views the current dip in Tesla’s (TSLA) stock price as an “attractive entry point” and upgraded the stock to a “Buy” rating from “Hold.” The analyst maintained his prior price target of $425, which implies an impressive 88.6% upside potential from current levels.
Tesla stock has fallen 44.2% so far in 2025, as investors react to declining sales in Europe and China, coupled with growing backlash against CEO Elon Musk‘s political inclinations.
Analyst Cites “Material Catalysts” for TSLA Stock
The analyst returned highly impressed after his recent visit to Tesla’s Cortex AI data centers and production lines, as the EV maker preps to launch its robotaxi segment in Austin in June and later this year in California.
While the majority of analysts are becoming increasingly wary of Tesla’s burning auto sales and tarnished brand image, Sheppard believes the stock is a buy ahead of “material catalysts.” Let’s take a closer look at his optimistic views on Tesla’s stock.
Buy the Dip in Tesla Stock – Sheppard believes the nearly 45% drop in Tesla’s stock price this year presents an “attractive entry point” for long term investors, who have an appetite for volatility.
Upcoming Material Catalysts – The analyst also highlighted several upcoming “material catalysts” to consider when investing in Tesla stock. These include the launch of the robotaxi segment in June, the rollout of FSD in China and Europe, the expected launch of lower-priced EVs in first half of 2025, the high-volume production of Optimus Bots and expected deliveries next year, and the lunch of the Tesla Semi Truck.
Tesla Stock Rises 3% to Break the Losing Streak
Interestingly, Tesla stock is rising in pre-market trading this morning, following Musk’s Hannity interview yesterday. Musk’s television appearance was mostly about SpaceX’s successful mission of bringing back long-stranded NASA astronauts Sunita Williams and Butch Wilmore back to Earth after a nine-month extended stay at the ISS (International Space Station).
As part of the interview, Musk addressed the growing protests at Tesla stores worldwide. He maintained that Tesla is a peaceful company and has never done anything wrong. At the same time, he expressed his shock and disbelieve at the level of “hatred and violence from the [political] left.”
Is Tesla a Good Stock to Buy?
Analysts prefer to remain on the sidelines on Tesla stock until the dust settles. On TipRanks, TSLA stock has a Hold consensus rating based on 12 Buys, 13 Holds, and 12 Sell ratings. Also, the average Tesla price target of $330.39 implies 46.6% upside potential from current levels.
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