Goldman Sachs: Maintains Tesla "Neutral" rating and $360 price target.
Goldman Sachs stated in a research report that Tesla's third-quarter results showed good progress in multiple areas, including advancements in autonomous driving, strong backlog orders in the automotive and energy businesses, and gross margins across all three major segments beating the firm's expectations; however, operating expenses were higher than expected, energy segment revenue fell short of expectations, and Optimus is still iterating. The firm believes earnings per share will improve in 2027 and 2028, with overall EPS forecasts largely unchanged, and maintains a "Neutral" rating and a target price of $360.
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