Goldman Sachs raised Tesla's target price to $395 and maintained a "neutral" rating.

Goldman Sachs estimates that Tesla's earnings per share in 2030 could range from approximately $2 to $3 to $20, taking into consideration the overall increase in market multiples, belief in sustainable long-term growth, and the upward revision of future earnings per share forecasts. The 12-month target price has been revised from $300 to $395. If Tesla is able to gain excess market share in areas such as humanoid robots and autonomous driving, the target price may increase. However, if competition restricts profitability or if Tesla underperforms, the target price may decrease. Overall, Goldman Sachs has raised Tesla's earnings per share forecasts for 2025 to 2027 to $1.15, $1.95, and $3, driven mainly by better vehicle deliveries in 2025 and improvements in energy revenue and profits in 2026 and 2027.