Cantor Fitzgerald reiterated an overweight rating on Tesla and kept its price target at $485, according to a BlockBeats report published Oct. 20.
Roadster outlook
The firm’s analyst said a Roadster demonstration could draw strong attention, but the vehicle’s near-term contribution to Tesla’s profit would likely remain limited. The report also cited questions about road approval and the timing of mass production.
Analyst view
The rating and target are Cantor Fitzgerald’s views as reported by BlockBeats. The flash did not provide an independent valuation or a separate forecast from Tesla.
Source: BlockBeats flash.