Goldman Sachs, Tesla
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Markets Insider |
The firm reduced its auto industry outlook and estimates, saying it will be hard for the auto industry to fully pass on tariff costs, especially with softening consumer demand more generally.
Electrek |
Tesla’s director of accounting controllership, Harsh Rungta, has left the automaker and joined eVTOL aircraft manufacturer Archer Aviation.
Bloomberg L.P. |
Volkswagen AG’s global deliveries rose in the first quarter as Europe’s biggest automaker benefited from surging demand for its electric vehicles.
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The recent stock market downturn has affected share prices of Apple, Amazon, Google, Meta, Tesla, Uber, Goldman Sachs, and Oracle.
Down 13% from Q1 2024, this was the worst annual quarterly growth for Tesla since at least 2017 (Tesla’s investor relations website only has quarterly delivery data dating back to 2016).
However, senior research analyst Dan Ives at Wedbush Securities recently told Bloomberg that Tesla could be a $2 trillion company within 24 months. That forecast implies 160% upside from its current market value of $770 billion and a share price above $620.
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"We believe the whole trajectory of earnings for TSLA remains too high and could face negative revisions post 1Q25 results," UBS analysts said.
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Tesla, Inc. (TSLA): Among the Best Robotics Stocks to Buy According to BillionairesAccording to Goldman Sachs’ research, the total addressable market for humanoid ... beating its benchmark by 218 percentage points (see more details here). Tesla, Inc. (NASDAQ:TSLA) is one of the world’s leading manufacturers of electric vehicles ...
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Cryptopolitan on MSNGoldman Sachs analyst warns that Trump tariffs could drive car prices up by up to $15KMark Delaney, Goldman Sachs auto analyst, warned that a 25% trump tariff on imported cars could raise the price by $5K to $15K depending on the market price of the car. Wall Street and investors disagreed with Trump claiming that tariffs could increase production costs for automakers and dampen demand by raising prices for consumers.