Cantor Fitzgerald reiterated Tesla's "buy" rating, with a target price of $485

Renowned financial services company Cantor Fitzgerald reiterated Tesla's "Buy" rating, maintaining the target price at $485.

The agency's analysts believe that the demonstration of the Tesla Roadster sports car is expected to be stunning, but its actual contribution to the company's short-term profits remains limited. Analysts pointed out that the subsequent commercialization of the Roadster still faces uncertainties such as road legality and mass production progress, so even if the demonstration effect is outstanding, it may not quickly translate into substantial financial gains.