Cantor Fitzgerald Maintains Tesla (TSLA) Buy Rating, Highlights Musk's Long-Term Incentives

Tesla, Inc. (NASDAQ:TSLA) ranks among the hot stocks to invest in right now. On September 8, Cantor Fitzgerald reaffirmed its Overweight rating and price target of $355 for Tesla, Inc. (NASDAQ:TSLA). The firm offered feedback on Tesla’s board’s proposal for a new 10-year compensation plan for CEO Elon Musk, which could reach $1 trillion if certain performance targets are met.

To receive the full compensation package, Musk must stay at Tesla, Inc. (NASDAQ:TSLA) for at least 7.5 years, and 10 years to earn the whole amount. He must also satisfy operational objectives, such as directing the commercial deployment of one million autonomous taxis along with one million robots.

Cantor Fitzgerald sees the compensation package as the board’s tactic to keep Musk concentrated on spearheading Tesla’s shift from electric vehicles to robots and AI.

Based in Austin, Texas, Tesla, Inc. (NASDAQ:TSLA) is a well-known clean energy company that is best known for its electric vehicles (EVs). In addition to designing, producing, and marketing EVs, Tesla also offers solar panels, solar shingles, and energy storage devices.

While we acknowledge the potential of TSLA as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.