Summary
- Goldman Sachs affirms Tesla’s long-term growth potential due to tech developments
- Analyst reiterates Neutral rating for Tesla with a price target of $345
- Tesla’s leadership in EVs and technical capabilities in AI, software, and hardware are highlighted
- Analyst cites challenges such as delayed FSD ramp and auto fundamentals volatility
- Wall Street analysts have negative forecasts for Tesla’s 2025 performance due to various reasons
Article
Goldman Sachs recently released a report indicating that Tesla’s future is still promising. The company’s advancements in technology, particularly in AI, have led Wall Street analysts to see long-term growth potential in Tesla. Analyst Mark Delaney from Goldman Sachs reaffirmed the bank’s Neutral rating for Tesla stock with a price target of $345.
Delaney believes that Tesla is well-positioned for long-term growth due to its leading position in EVs, technical capabilities in AI, software, and hardware, as well as its strong solutions in charging and storage. However, there are some factors that could offset this growth, such as delays in the Full Self-Driving (FSD) ramp, volatility in the auto industry, and concerns about Tesla’s valuation being too high.
Despite Goldman Sachs’ positive outlook, FactSet data shows that overall, Wall Street analysts have a bleak forecast for Tesla’s performance by 2025. Issues such as competition from China, Donald Trump’s policies, and Elon Musk’s controversial statements have contributed to this pessimism. It remains to be seen whether these predictions will turn out to be accurate in the long run.
As the future of Tesla continues to be a topic of interest, the Teslarati team is open to hearing from readers with any tips or insights. Maria, a member of the team, can be contacted via email at maria@teslarati.com or through Twitter at @Writer_01001101. This suggests that there is ongoing discussion and interest in Tesla’s future prospects among investors and industry observers. By staying informed and engaging with experts in the field, individuals can gain a better understanding of the factors influencing Tesla’s trajectory in the years ahead.
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