Key insights
- Cantor Fitzgerald reiterated an Overweight rating on Tesla after the Netherlands approved its FSD software. Tesla plans to expand FSD in Europe, targeting 2026. Q1 2026 deliveries and energy storage deployments were below consensus. Cybercab, Semi, and Megapack 3 are on track for volume production this year. China's EV exports surged, indicating increased competition. Overall, the FSD approval is a positive catalyst, but production and competition concerns temper the outlook.
Investing.com - Cantor Fitzgerald reiterated an Overweight rating and $510.00 price target on Tesla (NASDAQ:TSLA) following regulatory developments in Europe. The target sits within a wide analyst range spanning from $125 to $600, though InvestingPro data suggests the stock may be overvalued at current levels near $349.
The Netherlands approved the use of Tesla’s self-driving software on highways and city streets last weekend, marking the first country in Europe to grant regulatory approval for the company’s Full Self-Driving technology. The Dutch Vehicle Authority granted the approval after more than 18 months of testing and mapping analysis on both public and private roads.
Tesla stated it will begin rolling out FSD in the Netherlands shortly and added that the company is excited to bring FSD Supervised to more European countries soon. The company continues to target expanding FSD more broadly throughout Europe in 2026, pending regulatory approval.
Tesla recently pre-announced that it delivered 358,023 vehicles in the first quarter of 2026, below sell-side consensus of 365,645 but above 336,681 in the first quarter of 2025. The company deployed 8.8 GWh of energy storage products in the first quarter of 2026, below sell-side consensus of 14.4 GWh and below 10.4 GWh in the first quarter of 2025. The $1.31 trillion company has seen its shares decline 22% year-to-date, with earnings scheduled for April 22.For deeper insights into Tesla’s valuation and growth prospects, investors can access the comprehensive Pro Research Report, one of 1,400+ available for top US equities.
Tesla’s Cybercab, Tesla Semi and Megapack 3 remain on track for volume production this year. The company is developing its first volume production lines for its humanoid robot Optimus, with initial deliveries expected in the second half of 2027.
In other recent news, China’s electric vehicle and hybrid exports reached a record high of 349,000 units in March, marking a 140% increase from the previous year, according to the China Passenger Car Association. BYD Co. led the surge, contributing about a third of the total exports, followed by Geely Automobile Holdings Ltd. and Chery Automobile Co. In related developments, Tesla Inc. saw a significant rise in vehicle registrations in Germany, with a 315.1% year-on-year increase to 9,252 units in March, as reported by the German road traffic agency KBA. For the first quarter, Tesla’s German registrations rose by 160% to 12,829 vehicles.
Meanwhile, GLJ Research reiterated a Sell rating on Tesla, maintaining a price target of $25.28, citing an options market structure that has historically influenced the company’s share price. In the tech sector, SpaceX is reportedly building a sovereign AI platform, according to Deepwater Asset Management’s Gene Munster. The company is leveraging its control over chips, models, data centers, and delivery infrastructure to create a fully independent AI system. Additionally, UBS highlighted a potential threat from Chinese EVs to US automakers, despite existing trade barriers, as Stellantis explores building electric vehicles with China’s Leapmotor in Canada.
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