Tesla’s growth outlook could provide some support for its shares, though they may still come down a bit from current levels, according to Goldman Sachs. The Wall Street investment bank, which kept a neutral rating on the electric vehicle maker in a report issued Wednesday, raised its price target to $395 from $300. Yet even that updated target still implies a potential 7% down move in Elon Musk’s carmaker over the next 12 months compared with Wednesday’s close. Goldman’s higher price target was stirred by a “move higher in market multiples more generally, as well as the growth rate we believe the business can support over the longer term, plus the increases we make to our forward EPS estimates,” analyst Mark Delaney wrote. “If Tesla can…
Oct 12 2025
