Tesla (NASDAQ:TSLA) attracted an upgrade from Cantor Fitzgerald on Wednesday after the firm visited the company's Gigafactory and AI data centers in Austin. The firm moved Tesla (NASDAQ:TSLA) to an Overweight rating after having it slotted at Neutral.

Cantor Fitzgerald upgraded Tesla (TSLA, Financials) to Overweight from Neutral, citing a buying opportunity following the recent sell-off, the firm announced after a site visit to Tesla's Gigafactory and AI data centers in Austin.

Cantor Fitzgerald analyst Andres Sheppard views the current dip in Tesla’s (TSLA) stock price as an “attractive entry point” and upgraded the

Tesla shares have lost more than half their value in a span of just three months, and Cantor now believes there’s 80% upside.

What Happened? Shares of electric vehicle pioneer Tesla (NASDAQ:TSLA) jumped 4.2% in the pre-market session after Cantor Fitzgerald analysts upgraded the stock from Neutral to Buy. The analysts added,

Protests, falling sales estimates, falling target prices, and political controversy have been too much for investors in electric-vehicle maker Tesla.