Goldman Sachs has revised Tesla's price target down to $285 from $295, maintaining a Neutral rating due to weaker sales trends in major markets like the U.S., Europe, and China. Tesla's deliveries have notably decreased, with significant year-over-year drops reported in various regions. While facing these challenges, Tesla continues to show robust financial health, boasting $95.7 billion in revenue and nearly a $1 trillion market cap. Despite the price cut, analysts highlight Tesla's strategic initiatives aimed at boosting sales, such as participation in a campaign to enhance rural sales in China.
Goldman Sachs has cut Tesla's price target to $285, reflecting weaker sales and declining deliveries across key markets, despite a strong overall financial performance.
Tesla is experiencing a significant drop in sales across the U.S., Europe, and China, which has prompted Goldman Sachs to lower its forecast for Tesla's deliveries and EPS.
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