<ul><li>Goldman Sachs slightly cut its 12-month price target for Tesla from $345 to $320, citing weaker-than-expected vehicle deliveries and demand challenges.</li><li>The bank predicts Tesla will report Q1 2025 deliveries of 375,000 units, down from the consensus estimate of 426,000 vehicles.</li><li>Goldman Sachs attributes the weak Q1 delivery forecast to Tesla's transition to the new Model Y, but expects improved deliveries in China this month.</li><li>Despite short-term challenges, Goldman Sachs sees a bright future for Tesla, particularly in software revenue growth and progress with Full Self-Driving (FSD).</li></ul>

Tesla gets a $320 price target from Goldman Sachs

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