Goldman Sachs has revised Tesla’s price target downward to $190 from $220, maintaining a ‘Neutral’ rating.
Analyst remarks: “We are adjusting our Tesla forecasts to align more accurately with what we perceive as challenges in production (such as the pace of Model 3 ramp-up and interruptions in Berlin due to the Red Sea conflict/power loss) and prevailing market pressures.”
“Delivery projections in crucial regions from third-party sources (e.g., CPCA and Motor Intelligence) indicate a high single-digit year-over-year increase and a low double-digit quarter-over-quarter decrease in the first two months of the quarter.”
Goldman Sachs has revised down its delivery projections, now anticipating Tesla to deliver 435,000 vehicles in Q1, a decrease from the previous estimate of 475,000.
The total vehicle delivery forecast for 2024 has been adjusted downward to 1.98 million, reflecting a 9.5% year-over-year increase, down from the previous expectation of 2.08 million.
Bringing you the latest updates on finance, economies, stocks, bonds, and more. Stay informed with timely insights.
Be First to Comment