Tesla (TSLA) Gets $285 PT, Neutral — Goldman Flags Weaker U.S. EV Demand

Tesla, Inc. (NASDAQ:TSLA) is a Must-Watch AI Stock on Wall StreetOn July 11, Goldman Sachs analyst Mark Delaney lowered the price target on the stock to $285.00 from $315 while maintaining a “Neutral” rating. The rating comes as part of a broader research note on the U.S. Autos and Industrial Tech industry.

In a research note, the analyst told investors that they are raising their US auto forecast to reflect more measured tariff levels than what had been proposed originally. This is despite that it still anticipates auto sales in the US to slow down in the second half after people bought early to avoid tariffs.

The firm anticipates US auto sales at 15.75M and 15.50M units in 2025 and 2026, respectively, whereas its prior forecast was 15.40M and 15.25M.

 “However, we lower our expectation for EV (BEV) mix in the US to better reflect company-specific datapoints (in particular weaker sales at Tesla, which has accounted for roughly half of the US BEV market historically, but also more flexible EV targets and/or slower EV sales from Ford, GM, and Rivian).”

Tesla (TSLA) Gets $285 PT, Neutral — Goldman Flags Weaker U.S. EV Demand

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In other news, Elon Musk said on Monday, July 14, that he does not support a merger between xAI and Tesla. X account @BullStreetBets_ asked Tesla investors on the site if they support a merger between Tesla and xAI. Musk responded with “No.”

Tesla, Inc. (NASDAQ:TSLA) is an automotive and clean energy company that leverages advanced artificial intelligence in its autonomous driving technology and robotics initiatives.

While we acknowledge the risk and potential of TSLA as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than TSLA and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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