Goldman Sachs Tesla · TSLA

Goldman Sachs Reiterates Neutral on Tesla, $360 Price Target

1 min read Reproduced verbatim
Rating
Neutral
Unchanged
Target
$360
from $375 (−4%)
Outcome
Reached
on September 17, 2026
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What the analyst said

Goldman Sachs analyst Mark Delaney reiterated a Neutral rating and $360 price target on Tesla (NASDAQ: TSLA)

“We believe that Tesla’s 3Q26 vehicle deliveries are tracking below consensus (at 456K per Visible Alpha) and our prior view, and we lower our forecast to 435K from 490K.

This is based on monthly and/or weekly sales datapoints for key regions (e.g. China, the US, and Europe), and we think that all three regions are tracking slower than we had previously expected.

However, some regions lled via exports from China (e.g. SE Asia, South America, Australia) are showing strength on yoy basis, which we think will partly mitigate the weakness.

However, typical seasonality in 4Q, plus the Model Y L ramp in the US and Europe, has the potential to help 4Q26 to improve qoq. We also think that FSD can be a driver of demand.

We now model 475K deliveries in 4Q26, down from 515K prior, but above consensus at 462K.”

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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 $358. The 17 analysts who set a target in the last 3 months range from $24.86 to $500, with a median of $442. This $360 target is 19% below the median.

Since the note TSLA has moved 0% (from $359). 12-month window: day 52 of 365, closes on September 15, 2027.

Track record

This call✓ Target reached on September 17, 2026, 2 days after the note.

Firm track recordGoldman Sachs: 78% of its 37 targets at least a year old were reached within 12 months (#17 of 26 firms); on Tesla, 6 of 7. Accuracy ranking →

Goldman Sachs on Tesla

Goldman Sachs price targets on Tesla

8 calls from December 16, 2025 to October 22, 2026. The target went from $400 to $360 (−10%). The rating stayed Hold.

Goldman Sachs targetTSLA share price
  1. October 22, 2026Kept the $360 targetHold$360
  2. October 6, 2026Kept the $360 targetHold$360
  3. September 15, 2026 This noteTarget cut from $375 (−4%)Hold$360
  4. June 16, 2026Kept the $375 targetHold$375
  5. April 23, 2026Target cut from $405 (−7%)Hold$375
  6. January 29, 2026Target raised from $400 (+1%)Hold$405
  7. December 17, 2025Kept the $400 targetHold$400
  8. December 16, 2025Earliest call shownHold$400
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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.