Goldman Sachs Tesla · TSLA

Goldman Sachs Reiterates Neutral Rating on Tesla

1 min read Reproduced verbatim
Rating
Neutral
Unchanged
Target
$400
Unchanged
Outcome
Reached
on February 5, 2026
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What the analyst said

Goldman Sachs analyst Mark Delaney reiterated on December 17, 2025, its $400 price target on Tesla, while maintaining a ‘Neutral’ rating on the stock.

“Per a Bloomberg report and a document filed by the State of California, Tesla could be suspended from sales in California for 30 days if it does not change how it is marketing its Autopilot system, although this order is stayed for 90 days to give Tesla time to comply.

Per the state document, in order to gain compliance, Tesla would need to stop using the name Autopilot to describe features that are not L3 or higher, or enhance the Autopilot capabilities to reach an L3 or higher threshold.

Recall that L3 technology is when vehicles become situationally eyes-off.

Our initial view is that we would not expect a disruption to Tesla’s business in California, given that the ruling gives Tesla time to comply, and given that Tesla has changed or used alternative names when marketing ADAS features in the past.

Finally, Tesla posted on X that it expects sales in California to continue uninterrupted.”

Disclaimer
The price target and rating on this page are the opinion of the issuing research firm and its analyst, not of Price Target. This page is published for informational purposes only and is not investment advice, a recommendation, or an offer to buy or sell any security. Past performance does not guarantee future results. Consider your own circumstances and consult a licensed financial adviser before making investment decisions.

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.

Where the price stands

TSLA trades at $344. The 17 analysts who set a target in the last 3 months range from $24.86 to $500, with a median of $442. This $400 target is 10% below the median.

Since the note TSLA has moved −30% (from $490). 12-month window: day 323 of 365, closes on December 17, 2026.

Track record

This call✓ Target reached on February 5, 2026, 2 months after the note. Same target as this firm’s December 16, 2025 note, so it is scored there.

Firm track recordGoldman Sachs: 78% of its 37 targets at least a year old were reached within 12 months (#16 of 26 firms); on Tesla, 6 of 7. Accuracy ranking →

Goldman Sachs on Tesla

Goldman Sachs price targets on Tesla

8 calls from September 18, 2025 to April 23, 2026. The target went from $395 to $375 (−5%). The rating stayed Hold.

Goldman Sachs targetTSLA share price
  1. April 23, 2026Target cut from $405 (−7%)Hold$375
  2. January 29, 2026Target raised from $400 (+1%)Hold$405
  3. December 17, 2025 This noteKept the $400 targetHold$400
  4. December 16, 2025Target cut from $425 (−6%)Hold$400
  5. October 23, 2025Kept the $425 targetHold$425
  6. October 8, 2025Kept the $425 targetHold$425
  7. October 3, 2025Target raised from $395 (+8%)Hold$425
  8. September 18, 2025Earliest call shownHold$395
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Other analysts on Tesla

CantorBuy Kept rating and price target Oct 26 $485maintained BarclaysBuy Upgraded, raised price target +22% Oct 26 $450from $370 StoneXBuy Kept rating and price target Oct 22 $475maintained BNP ParibasHold Upgraded Oct 22 Morgan StanleyHold Raised price target +2%, kept rating Oct 22 $410from $400
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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.