TSLA Stock Price: $860 Target From Goldman Sachs

By Amit Chowdhry ● June 11, 2021
  • The shares of Tesla Inc (NASDAQ: TSLA) have received an $860 price target from Goldman Sachs. These are the details.

The shares of Tesla Inc (NASDAQ: TSLA) have received an $860 price target from Goldman Sachs. And Goldman Sachs analyst Mark Delaney assigned the company a “Buy” rating.

After Tesla hosted an event for the Model S Plaid, a $130,000 vehicle that can accelerate from 0 to 60 MPH in under 2 seconds and has around 400 miles of range, Delaney pointed out that luxury vehicles make up only about 1% of the U.S. market and the market for the Plaid itself is considered relatively small. But Delaney noted that it is an important product as the Plaid helps illustrate Tesla’s technology leadership position as a reason why it has a strong share in electric vehicles.

Plus the Plaid also shows off the superior acceleration that electric vehicles provide compared to internal combustion engine cars. This supports Delaney’s positive view on electric vehicle adoption.

Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.