Goldman Sachs Reaffirms Tesla’s $285 Price Target
Goldman Sachs analyst Mark Delaney reaffirmed on July 17, 2025, Tesla’s $285 price target and ‘Neutral’ rating.
“On 7/16, Tesla announced a new variant of the Model Y, named the Model YL.
The Model YL is slightly longer (about 7″) and taller (by 1.5-2″) than the Model Y.
The dimensions of the YL would likely make it able to compete more effectively in the three-row SUV market than the Y.
Tesla expects the YL to be available in the fall in China.
We consider the news an incremental positive, as we believe the Model YL will help Tesla to better address the SUV market especially in the US and Europe (we detail the three-row SUV TAM in key regions in this note).
The degree that new models Tesla planned to launch in 2H25 would help drive better vehicle delivery growth has been one key debate in the investment community, and we believe the YL is more differentiated from Tesla’s current products than what investors were recently expecting for new model launches this year (we think a common view among investors had been that Tesla would launch a cost reduced and perhaps slightly smaller variant of the Y but not something to help better address the three-row SUV market.”
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