Goldman Sachs downgrades Tesla to 'neutral' with a price target of $248.00
An analyst from Goldman Sachs downgraded$Tesla (TSLA.US)$from 'buy' to 'neutral' with a price target of $248.00.
Prior to this rating, Tesla had 16 buy ratings, 19 hold ratings, and 6 sell ratings. For consensus analyst estimates and price targets on Tesla, click here. For more news on Tesla, click here. Tesla's stock price closed at $256.60. They are up 32.84% in the last month and up 4.77% in the last 12 months. Morgan Stanley's Adam Jonas has increased his $TSLA price target to $250 (from $200), and his bull PT to $450 (from $390).
In 2020, Tesla delivered 499,535 vehicles. In 2023, Tesla is going to deliver 1,800,000~2,000,000 (~4X vs 2020). However the stock price is hovering at the same level as it did in 2020at ~$250per share. If this doesn’t smell like opportunity, I don’t know what’s does.