Goldman Sachs analysts have set a $175 price target for Tesla, implying a potential 9.8% decline from its current value. The stock surged over 15% on Monday following the approval of its driver-assistance technology in China, but Goldman highlights the need for further localized improvements and regulatory navigation.
Results for: Self-Driving Technology
Tesla faces a dilemma as it tries to balance its ambitions as a car company with its aspirations as a tech company. While loyalists believe its software and self-driving technology differentiate it from competitors, Wall Street demands growth through increased car sales. Tesla’s plans to produce affordable vehicles by 2025 aim to address both concerns, but it remains to be seen if the company can successfully navigate the challenges ahead, including crumbling morale, strained investor trust, and CEO Elon Musk’s unpredictable behavior.