- The shares of Tesla Inc (NASDAQ: TSLA) have received a price target increase from $860 to $875 by Goldman Sachs. These are the details.
The shares of Tesla Inc (NASDAQ: TSLA) have received a price target increase from $860 to $875 by Goldman Sachs. And Goldman Sachs analyst Mark Delaney is maintaining a “Buy” rating on the company shares.
Delaney cited the company’s second-quarter results. Tesla had reiterated its multi-year target of 50% average annual growth in vehicle deliveries with faster growth in certain years like this year.
And Delaney believes that Tesla’s strong automotive gross margin despite the headwinds from supply chain shortages and input costs — excluding regulatory credits this quarter — are positive signs for forward earnings potential. Plus Delaney noted that Tesla has plans to materially grow capacity as a reason for the bullish report.
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