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Cantor Fitzgerald analyst Andres Sheppard reiterates Tesla (NASDAQ:TSLA) with a Overweight and maintains $485 price target.
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Tesla reports Q3 earnings Oct. 21; analysts expect EPS to fall to 45 cents and revenue near $28.11B. Roadster debuts with SpaceX thrusters.
Meta Platforms is set to report Q3 earnings on Oct. 21, marking the start of earnings season for the 'Magnificent Seven' tech companies. Investors are closely watching to see if massive AI infrastructure spending translates into revenue growth. Meta's capex-to-revenue ratio has reached 35% and could climb further, raising concerns about whether AI investments will justify the spending levels. Positive results from Meta could boost AI stocks and provide direction for the broader market.
Gary Black expects a $420/share offer from SpaceX, but warns that the deal would lead to dilution that would limit gains for TSLA investors.