Wall Street remains bullish on Tesla’s (NASDAQ: TSLA) long-term outlook as the company ramps up Semi truck production and expands its autonomous driving ambitions.

In a September 28 note, Cantor Fitzgerald reiterated its ‘Overweight’ rating on Tesla and maintained a $485 price target, representing roughly 30% upside from current levels.

Cantor Fitzgerald analyst Andres Sheppard maintained the firm’s positive stance, citing continued progress in Tesla’s commercial vehicle and autonomy businesses.

According to the analyst, Tesla is believed to be producing up to 1,000 Semi trucks per week, although the electric Class 8 truck is expected to remain a relatively small contributor to Tesla’s overall fleet by…