Goldman Sachs Issues Cautious Outlook on Tesla's Robotaxi Ambitions
Goldman Sachs has issued an updated analysis of Tesla, maintaining its Neutral rating with a $360 price target for the stock. The firm highlighted both potential upside and significant risks tied to Tesla’s robotaxi initiative following recent real-world deployment in Austin. While acknowledging long-term opportunities from autonomous driving technology like Cybercab, Goldman emphasized execution risk as key to determining future valuation. Analysts noted that slower EV demand, competition, tariffs, and delays could push the stock toward a lower bound of around $150 per share. Goldman’s report underscores Tesla's cost advantage in robotaxi development due to its camera-only sensor system and streamlined manufacturing approach, potentially giving it a 5-30 cents-per-mile edge over rivals. However, safety concerns were also raised, with an estimated accident occurring every 50,000–70,000 miles of autonomous driving based on NHTSA data.
Topics: Goldman Sachs Investor Sentiment Robotaxi Stock Analysis Tesla