Goldman Sachs raises Tesla's delivery and earnings-per-share forecasts, maintains Neutral rating and $375 target price

Goldman Sachs has raised its Tesla delivery forecast for Q2 2026 from 405,000 vehicles to 420,000 vehicles, surpassing the market consensus of 400,000 vehicles compiled by Visible Alpha. The full-year 2026 delivery forecast has also been increased from 1.72 million vehicles to 1.73 million vehicles. Goldman Sachs maintains its 2027 forecast at 1.88 million vehicles and 2028 at 1.96 million vehicles. In addition, the earnings per share estimate for 2026 has been increased from $1.30 to $1.35. Tesla's rating remains neutral with a target price of $375, presenting an 8.8% downside compared to the current share price of $411.15.