Cantor Fitzgerald reiterates Tesla’s “Overweight” rating with a $485 price target.

Cantor Fitzgerald, a prominent financial services firm, reaffirmed its “Overweight” rating on Tesla on October 20 and maintained its price target at $485. While the firm’s analysts expect Tesla’s Roadster sports car demonstration to be impressive, they stressed that the vehicle is unlikely to meaningfully boost the company’s near-term profitability. This is because the Roadster’s commercial rollout remains subject to multiple uncertainties—including regulatory approval for road use and production timelines—meaning even a well-received demo is unlikely to translate quickly into substantial financial returns.