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Goldman Sachs has reduced its target price for Tesla (TSLA) from $220 to $190, citing production and market headwinds as the primary reasons. The firm highlighted issues such as the Model 3 ramp pace and downtime in Berlin, which are tied to the Red Sea conflict and power loss, as key factors influencing their decision. Despite the price target cut, Tesla shares rose by 3.2%, with Goldman Sachs maintaining that Tesla is well positioned for longer-term growth. The firm reiterated Tesla as neutral, applying a "50X (unchanged)" multiple to its updated EPS estimate for the next four quarters.
$TSLA Goldman Sachs reiterates Tesla as neutral Goldman lowered its price target on the stock to $190 per share from $220. “We are lowering our Tesla estimates to better reflect what we believe are both production (e.g. Model 3 ramp pace, and downtime in Berlin tied to the Red…
$TSLA tesla — Shares rose 3.2% even after Goldman Sachs cut its price target on Tesla by $30 to $190 as the electric vehicle maker faces issues with rising competition and slower demand. The firm maintained that Tesla is “well positioned for longer-term growth,” however, citing…
Remember back when Goldman used to hire SMART people? Ah, the good old days! THESE days it hires $TSLA "analysts" such as THIS one: "We are lowering our Tesla estimates...Our 12-mo target is now $190...based on 50X (unchanged) applied to our updated Q5-Q8 EPS estimate" 50x LOL!
