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Tesla (TSLA) remains under intense scrutiny on Wall Street. As part of this monitoring and rerating, Goldman Sachs reduced its delivery estimates for the EV behemoth through 2027. Once the face of unrelenting innovation, the recent delivery figures from Tesla present a less rosy picture.
Goldman’s experts cite “brand and reputation” concerns in addition to declining monthly figures in major markets such as the U.S., Europe, and China. Goldman now expects Q2 2025 deliveries of merely 365,000 units, below their previous estimate of 410,000 and short of the consensus of 417,000. The bank also lowered its 12-month price target to $285 (down from $295) while continuing to hold a “Neutral” rating.