Goldman Sachs Tesla · TSLA

Goldman Sachs Lowers Tesla Price Target to $320

Mar 5, 2025 Analyst: Mark Delaney 1 min read Reproduced verbatim
Rating
Hold
Price target
$320
from $345
Implied upside
+18%
vs $272.04 prior close
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Goldman Sachs analyst Mark Delaney lowered the price target on Tesla (NASDAQ: TSLA) to $320 (from $345) while maintaining a Neutral rating.

“We lower our below consensus delivery estimates for Tesla reflecting the quarter to date data for key regions (i.e.

China, Europe, and the US), as well as what we believe are broader demand trends (including based on consumer surveys from HundredX)… We believe FSD v13 has shown meaningful improvement from v12, and we see that as supporting better monetization in the US over the medium to longer term especially if Tesla can transition this to eyes-off capability.

However, multiple competitors in China are also offering hands-free ADAS solutions without an incremental software package needing to be purchased (although sometimes it’s only available on more premium vehicle trims), which we believe suggests that Tesla will have a harder time monetizing FSD in China especially if it continues to require driver supervision.”

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Tracking this call

Since this note+39% TSLA $272.04 → $377.81 (Oct 8) · target reached

This call at 6 months✓ Target reached on May 13, 2025, 2 months after the note. At 12 months: reached.

Firm track recordGoldman Sachs reached 78% of its 36 scored targets within six months (#5 of 31 firms); on Tesla, 5 of 5. Accuracy ranking →

Goldman Sachs on Tesla · target history
Mar 5, 2025 · $320 · Hold · this note Sep 18, 2025 · $395 · Hold Oct 3, 2025 · $425 · Hold Oct 8, 2025 · $425 · Hold Oct 23, 2025 · $425 · Hold Dec 16, 2025 · $400 · Hold Dec 17, 2025 · $400 · Hold Jan 29, 2026 · $405 · Hold
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Price Target is an archive of Wall Street analyst research, published for informational purposes only. Nothing on this site is investment advice, a recommendation, or an offer to buy or sell any security. Analyst ratings and price targets are the opinions of the issuing firms, not of Price Target. Always do your own research or consult a licensed financial adviser.