Goldman cuts Tesla Q3 delivery forecast to 435,000 vehicles

Goldman kept a Neutral rating and $360 price target while trimming deliveries to 435,000, below the Visible Alpha consensus of 456,000; the change reflects tracking sales data that are weaker than previously expected in major markets.

In this brief: 3 sections 1 min read

- Q3 delivery forecast reduced from 490,000 to 435,000 vehicles
- Goldman maintained a Neutral (Market Perform) stance with a $360 price target
- New forecast sits below Visible Alpha consensus of ~456,000 deliveries
- Goldman cited softer sales in the U.S., China and Europe
- Strength in Southeast Asia, South America and Australia (largely from China exports) may partially offset weakness
- The cut implies a roughly 9% sequential decline versus Tesla’s Q2 deliveries of 480,126 vehicles
- A lower delivery outlook may pressure near‑term revenue and margin expectations
- Analyst downward revisions and delivery misses could amplify volatility in TSLA shares
- Goldman’s change is a data‑driven adjustment, not a change in their Neutral rating

Read full analysis on gate.com

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