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Cantor Fitzgerald reiterates Overweight on Tesla, sees limited earnings impact from Roadster
Cantor Fitzgerald reiterated its Overweight rating on Tesla, maintaining a $485 price target. Tesla's new Roadster lineup includes Performance, Thrust, and Rocket variants, with pricing starting at $250,000 including the reservation fee. Despite calling the demonstration breathtaking, Cantor sees limited earnings impact, citing unclear production volumes and the vehicle's lack of street legality.
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