Goldman Sachs holds Neutral rating and $360 Tesla target, putting weight on AI
CoinGape reports Goldman Sachs analyst Mark Delaney kept a Neutral rating and $360 Tesla target, arguing the company's physical AI work may count more than Q3 earnings.
Why it matters
On this account Tesla is being judged on AI delivery rather than car earnings, with a Neutral rating and a target below the market price. The view rests on a single outlet, and the other analyst targets the report alludes to are not documented in the evidence.
Where the sources disagree
Goldman Sachs' stance on Tesla
Bullish on Tesla stock, per headline
CoinGape
Cautious stance with Neutral rating, per body
CoinGape
CoinGape calls the bank bullish on Tesla in its headline while the body of the report describes a cautious stance and a Neutral rating.
Key facts
Goldman Sachs analyst Mark Delaney maintained a $360 price estimate and a Neutral rating on Tesla.
360 USDReported by CoinGape
Delaney's $360 target sits below Tesla's recent share price of $378.73.
378.73 USDReported by CoinGape
Delaney said Tesla's physical AI activity may matter more to the stock than Tesla's Q3 earnings per share.
Reported by CoinGape
The areas Delaney cited as focus for Tesla's physical AI are robotaxis, Full Self-Driving and humanoid robots.
Reported by CoinGape
Tesla sold 486,532 vehicles in the third quarter, ahead of forecast.
486,532 vehiclesReported by CoinGape
Tesla is working on custom AI inference chips and developing foundation models for robotics and a digital AI system for computer-based tasks.
Reported by CoinGape
Goldman Sachs sees Tesla's car business recovering and the Model Y ramp bolstering sales.
Reported by CoinGape
What happened
CoinGape reports that Goldman Sachs analyst Mark Delaney left his $360 price estimate and Neutral rating on Tesla unchanged, with that target sitting below the recent share price of $378.73. The same report describes Goldman's stance as cautious while its headline calls the bank bullish. Delaney argued to the bank that Tesla's physical AI work, covering robotaxis, Full Self-Driving and humanoid robots, may matter more to the stock than third-quarter earnings per share. CoinGape also reports Tesla is working on custom AI inference chips, foundation models for robotics and a digital AI system for computer-based tasks, and that the company sold 486,532 vehicles in the third quarter, ahead of forecast, with the Model Y ramp seen as support for sales. Only CoinGape carries this account, and the report cites divided Wall Street price targets without supplying any figures for them.
How the story developed
- First report
First report by CoinGape
Goldman Sachs Bullish On Tesla Stock, Eyes $360 Target As AI Vision Takes Over
- Update
CoinGape reports Goldman Sachs keeps Neutral rating and $360 Tesla target
Analyst Mark Delaney held his price estimate and rating, with the target below the recent share price of $378.73.
- Update
Tesla third-quarter vehicle deliveries of 486,532 came in above forecast
CoinGape links the delivery figure and the Model Y ramp to a better short-term environment for Tesla's vehicle business.
Affected entities
Original sources
| Publisher | Report | Role | Published |
|---|---|---|---|
| CoinGape Crypto media | Goldman Sachs Bullish On Tesla Stock, Eyes $360 Target As AI Vision Takes Over | Original |
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