Goldman Sachs analysts have cut Tesla's price target from $295 to $285, maintaining a Neutral rating.
The adjustment is a result of weak sales performance in the U.S., Europe, and China, with Tesla shares down almost 18% in the past week.
Tesla's Q2 delivery projections have been revised to 335,000 to 395,000 vehicles, significantly lower than the prior estimate of 410,000.
Despite regional challenges, Tesla's financials remain strong, with a significant market capitalization of $917 billion and a focus on innovation and supply chain resilience.