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Tesla (TSLA) PT Lowered to $190 at Goldman Sachs, 'Lowering Tesla estimates on production and market headwinds'
March 18, 2024 4:06 AM EDTGoldman Sachs analyst Mark Delaney lowered the price target on Tesla (NASDAQ: TSLA) to $190.00 (from $220.00) while maintaining a Neutral rating.
The analyst comments "We are lowering our Tesla estimates to better reflect what we believe are both production (e.g. Model 3 ramp pace, and downtime in Berlin tied to the Red Sea conflict/power loss) and market headwinds. Delivery estimates in key regions per third parties (e.g. CPCA and... More
