$TSLA - CANTOR FITZGERALD RAISES TESLA PRICE TARGET TO $510 FROM $355 Sheppard highlighted that production for the Cybercab, Semi, and Megapack 3 remains on track for FY26, with Optimus production targeted for next year. Tesla also expects a notable increase in capex, projected at ~$9.2B for FY25 and ~$12B for FY26. The firm remains bullish on Tesla’s medium- to long-term prospects, citing upside potential from Energy Storage, FSD, Robotaxis, Semis, and Optimus Bots.