Goldman Sachs analyst Mark Delaney lowered the firm’s price target on Tesla (TSLA) to $375 from $405 and keeps a Neutral rating on the shares following the Q1 deliveries report. Tesla’s U.S. sales were down year-over-year with a headwind from the expiration of the Inflation Reduction Act credit, partly offset by demand for Models S and X ahead of the end of the production, the analyst tells investors in a research note. Goldman left its delivery estimates relatively unchanged following the report.
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