Goldman Sachs earlier today raised the firm’s price target on Tesla (TSLA) to $395 from $300 and keeps a Neutral rating on the shares ahead of the Q3 delivery report. The analyst upped its Q3 estimate for vehicle deliveries to 455,000 from 430,000, above the consensus of 439,000, citing its global consumer survey data. Goldman also increased its assumptions for the company’s energy business in 2026 and 2027 to reflect recent product and capacity news. The firm sees the company’s earnings growing in the long term from autonomy and robotics contributions. However, Goldman’s base case expectation is for Tesla’s profits in these areas to be more measured than the company is targeting.
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