What Happened?

Shares of electric vehicle pioneer Tesla (NASDAQ: TSLA) jumped 5.2% in the afternoon session after Cantor Fitzgerald raised its price target on the stock to $510 from $355, while reaffirming its "Overweight" rating. Analyst Andres Sheppard pointed to several key drivers for the new valuation, including upcoming production milestones for the company's Cybercab, Semi truck, and Optimus robot. The analyst also noted expanding opportunities in Tesla's Energy and Full Self-Driving software businesses. Adding to the positive mood, investor sentiment was also lifted by progress in U.S.–China trade talks. A better trade relationship could ease costs for Tesla's key Shanghai factory, which is central to its global production.

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What Is The Market Telling Us

Tesla’s shares are extremely volatile and have had 48 moves greater than 5% over the last year. In that context, today’s move indicates the market considers this news meaningful but not something that would fundamentally change its perception of the business.

The previous big move we wrote about was 10 days ago when the stock gained 2.2% on the news that a Barclays analyst raised the company's price target and amid signs of strong vehicle demand in China. Barclays analyst Dan Levy kept an Equal-Weight rating on the stock but increased the price target by 27.27% to $350.00 from $275.00. Adding to the positive sentiment, the company's new extended-wheelbase Model Y L appeared to be fully sold out for two months in China, with new estimated delivery dates pushed to December 2025. This suggested strong demand for the new vehicle.

Tesla is up 21% since the beginning of the year, and at $458.80 per share, it is trading close to its 52-week high of $479.86 from December 2024. Investors who bought $1,000 worth of Tesla’s shares 5 years ago would now be looking at an investment worth $3,241.

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What Happened?

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