"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."
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.
Read at TESLARATI
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