Tesla price target raised to $425 from $365 at Cantor Fitzgerald

Cantor Fitzgerald raised the firm’s price target on Tesla (TSLA) to $425 from $365 and keeps a Neutral rating on the shares. Tesla’s adjusted EPS, top line, and gross margin all missed consensus expectations, though the company disclosed “growth” for its automotive business, and “more than 50% growth” for its Energy & Storage Business for 2025, the analyst tells investors in a research note. Cantor expects Tesla to launch its Robotaxi segment via unsupervised full self driving in June first in Texas, followed by California later this year.