Goldman Sachs raises Tesla delivery and earnings per share expectations, maintains neutral rating and $375 target price

Goldman Sachs has raised its delivery forecast for Tesla in the second quarter of 2026 from 405000 vehicles to 420000 vehicles, higher than the market consensus of 400000 vehicles compiled by Visible Alpha. At the same time, it has raised its full year delivery forecast for 2026 from 1.72 million vehicles to 1.73 million vehicles, maintaining its forecast of 1.88 million vehicles in 2027 and 1.96 million vehicles in 2028. Goldman Sachs has also raised its earnings per share forecast for 2026 from $1.30 to $1.35, maintaining Tesla's neutral rating and target price of $375, which has 8.8% downside potential compared to the stock price of $411.15.