Goldman Sachs: Tesla (TSLA) Deliveries Set to Improve in 2H 2025

Tesla, Inc. (NASDAQ:TSLA) is one of the AI Stocks Analysts Are Tracking Closely. On September 18, Goldman Sachs reiterated the stock as “Neutral” with a $395 price target. The firm anticipates Tesla to “grow its EPS driven in part by larger contributions from autonomy and robotics” longer term.

The firm said that “given the move higher in market multiples more generally, as well as the growth rate we believe the business can support over the longer term, plus the increases we make to our forward EPS estimates, we raise our 12-month price target to $395 from $300.”

“If Tesla can have outsized share in areas such as humanoid robotics and autonomy, then there could be upside to our price target, although if competition limits profits (as is happening with the ADAS market in China) or Tesla does not execute well, then there could be downside.”

Delaney anticipates Tesla’s earnings per share to expand due to “larger contributions from autonomy and robotics” and reach as high as about $20 per share, above a “middle of the road type scenario” of $7 to $9 a share.

He also believes that vehicle deliveries in the third and fourth quarters of this year will be better than expected. Tesla reported a second consecutive year-over-year decline in vehicle deliveries in the second quarter.

“We attribute the better 2H volumes in part to the recent Model Y L launch, in part based on somewhat better consumer survey data, and in part with [Inflation Reduction Act] EV purchase credits set to expire on 9/30/25.”

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

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