Goldman Sachs Lifts Tesla’s Price Target to $395
Goldman Sachs analyst Mark Delaney raised on September 18, 2025, the price target on Tesla to $395 (from $300), while maintaining a ‘Neutral’ rating on the stock.
“Post the recent move higher in the stock, in addition to the 3Q delivery report in October, we believe key focus items for investors will include:
- The ability for Tesla to make progress with autonomy/robotaxis, especially when it can remove the safety observer from its robotaxis (as there is still a human present in the vehicles);
- Progress with Optimus 3, and if it can meet its target to have a prototype around year-end and scale in 2026;
- Profit margins and FCF, especially as IRA credits go away and in light of tariffs.
We remain Neutral rated on the stock.
Longer term, we expect Tesla to grow its EPS driven in part by larger contributions from autonomy and robotics, although our base case expectation for profits in these areas is more measured than the company is targeting.
As we detail in this note, we estimate that its 2030 EPS could be ~$2-3 to ~$20 (although we acknowledge there are outcomes beyond these ranges), and what we consider to be a middle of the road type scenario implies ~$7-$9 of EPS in 2030 and an EPS CAGR of ~40-50%.
Given the 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, we raise our 12-month price target to $395 from $300.
If Tesla can have outsized share in areas such as humanoid robotics and autonomy, then there could be upside to our price target, although if competition limits profits (as is happening with the ADAS market in China) or Tesla does not execute well, then there could be downside.”
This research note is reproduced verbatim from the issuing firm. Price Target never edits, paraphrases or alters analysts’ words — we only republish them in one place.
