Cantor Fitzgerald reiterates Tesla 'Overweight' rating, target price $485.

BlockBeats news, October 20 - Prominent financial services firm Cantor Fitzgerald reiterated its "Overweight" rating on Tesla, maintaining a target price of $485.

The institution's analysts believe that the demonstration of Tesla's Roadster sports car is expected to be stunning, but its actual contribution to the company's short-term profits remains limited. The 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 display effect is excellent, it may not quickly translate into substantial financial returns.