Goldman sees 10% downside for Tesla even after China self-driving progress

  • 📰 CNBC
  • ⏱ Reading Time:
  • 7 sec. here
  • 6 min. at publisher
  • 📊 Quality Score:
  • News: 20%
  • Publisher: 72%

Investment Strategy News

Stock Markets,Tesla Inc,China

The firm also has a neutral rating on the electric-vehicle maker.

Tesla shares could cool following Monday's rally as obstacles remain to achieving full self-driving technology in China, according to Goldman Sachs. The electric-vehicle maker's stock climbed more than 15% Monday, marking its best day since 2021 after clearing a key regulatory hurdle for rolling out advanced driver-assistance technology in China. But Goldman analyst Mark Delaney has a $175 price target, which implies a 9.8% downside from the stock's last closing price.

Tuesday's analyst calls: Nvidia to get a boost from new chip, Ralph Lauren poised to jump, banks react to Tesla news

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in MY

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines