Goldman Sachs has downgraded Tesla to neutral and set a target price of $248

Goldman Sachs downgrades Tesla to neutral, sets target price at $248

【PhoneAuto News】On June 26th, PhoneAuto noticed that Goldman Sachs downgraded Tesla’s rating to neutral with a target price of $248 (approximately RMB 1790). Currently, Tesla’s stock price is $256.6 (approximately RMB 1852) per share, with a decline of 3.03%, and a total market value of $813.3 billion (approximately RMB 58,710 billion).

Tesla car

Currently, Tesla is the world’s highest-valued car company, far surpassing companies such as Toyota and Volkswagen. Moreover, in the past month or so, Tesla’s total market value has increased by approximately $290 billion, an increase of as much as 54% compared to its location of $527.2 billion in May 2023. Therefore, many believe that Tesla’s market value may once again surpass $1 trillion this year.

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According to a recent research report by Wedbush, various major car companies are gradually joining the Tesla supercharger network, which will help Tesla’s stock price rise by another 17%, reaching $300 per share. Wedbush analyst Dan Ives stated in the research report, “For Tesla, we believe this is a huge moneymaking opportunity in the company’s supercharger story, adding to its continuously growing total valuation.” The analyst also pointed out that Tesla’s price reduction mechanism in the United States and China will also help stimulate demand for Tesla electric cars and further drive the company’s upward trajectory.

Not long ago, companies such as Ford, General Motors, and the American new energy vehicle manufacturer Rivian have all agreed to adopt Tesla’s charging standard NACS, which has further increased Tesla’s influence in the electric vehicle field and made it a standard setter in the industry.

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