Sep. 16 at 11:15 AM
$TSLA Tesla Q3 deliveries tracking below consensus, says Goldman Sachs
Goldman Sachs keeps a Neutral rating and
$360 price target on Tesla while noting that the company's Q3 vehicle deliveries are tracking below consensus 456K consensus, based on monthly and/or weekly sales datapoints for key regions. The firm is also lowering its forecast to 435K from 490K for Q3 deliveries, even though regions filled via exports from China - SE Asia, South America, Australia - are showing strength on y/y basis that will partly mitigate the weakness, the analyst tells investors in a research note.