Elon Musk Could Sell At Least 100,000 New Lower-Cost Models Next Year: 'Tesla Has Over 50% Share Of The US EV Market'
Portfolio Pulse from Piero Cingari
Tesla Inc. (NASDAQ:TSLA) is set to announce a new lineup of lower-cost vehicles, potentially adding 100,000 units to its annual volumes. Goldman Sachs analyst Mark Delaney suggests these new models could include a smaller Model 3, a van, and a robotaxi. The new models are expected to be priced between $25,000 and $35,000, targeting new consumer segments. Despite the optimistic forecasts, Goldman Sachs maintains a 'Neutral' rating on Tesla with a 12-month price target of $175.
June 26, 2024 | 1:45 pm
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Tesla is set to introduce new lower-cost models, potentially adding 100,000 units to its annual volumes. These models are expected to be priced between $25,000 and $35,000, targeting new consumer segments. Despite the optimistic forecasts, Goldman Sachs maintains a 'Neutral' rating on Tesla with a 12-month price target of $175.
The introduction of lower-cost models is likely to expand Tesla's market reach and increase sales volumes. However, the 'Neutral' rating and price target of $175 from Goldman Sachs suggest that while the long-term growth potential is strong, there are concerns about near-term market conditions impacting earnings.
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