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Goldman Sachs reduces Tesla price target to $285

  • 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.

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