Goldman Sachs Keeps Tesla Rating Neutral Ahead of Earnings
Goldman Sachs has reaffirmed its Neutral rating on Tesla Inc. with a $360.00 price target ahead of the company's upcoming earnings report. The stock is currently trading at $378.73, which is above the firm's target. The next earnings report is scheduled in 15 days. According to InvestingPro analysis, Tesla appears overvalued at its current levels.
The firm expects improved revenue momentum driven by Tesla’s vehicle business and the ramp-up of the Y model. However, Goldman Sachs noted that potential upside in 2026 earnings per share could be offset by rising costs and capital expenditures. Analyst Mark Delaney emphasized that the outlook for Tesla’s physical AI-related businesses, including robotaxis, Full Self-Driving (FSD), and humanoids, will be more critical for the stock’s performance than its third-quarter 2026 earnings results.
Tesla is currently trading at a high earnings multiple with a P/E ratio of 353, though the company remains profitable. Investors seeking deeper insights can access additional ProTips and comprehensive Pro Research Reports covering Tesla and over 1,400 other US equities.
In recent news, Tesla reported third-quarter deliveries of 487,000 units, surpassing consensus estimates by 7% and exceeding the company’s own expectations by 5%. This performance was primarily driven by strong sales of the Model 3 and Model Y vehicles. However, energy storage deployments did not meet consensus expectations. Analysts from UBS, Truist Securities, Baird, and HSBC have offered mixed reactions, reflecting varied perspectives on Tesla’s future performance.