Cantor Fitzgerald reiterated an ‘Overweight’ rating on Tesla, Inc. (TSLA) ahead of its Q2 delivery update, expected this week, projecting deliveries of 397,414 vehicles below the company-compiled consensus of 408,609. The brokerage sees energy storage deployments beating expectations at 15.7 GWh versus consensus of 13.9 GWh. Cantor noted Tesla’s Q1 free cash flow was $1.44 billion versus consensus expectations for a $1.78 billion outflow, and that Tesla raised its 2026 capex guide to more than $25 billion from $20 billion, now expecting negative free cash flow for the rest of the year. Cantor called 2026 a “transformational year” as Tesla shifts deeper into autonomy, AI, robotics and chips, stating Cybercab, Tesla Semi and Megapack 3 remain on track for volume production this year. Cantor also highlighted Optimus, noting a first-generation robot production line being installed in California with a 1 million-unit annual capacity target, and a second-generation line at Gigafactory Texas for a longer-term 10 million-unit capacity target. TSLA stock jumped over 8% on Monday to end at $411.84, boosted by the rollout of FSD V14 Lite to early-access Hardware 3 owners.