Goldman Sachs Maintains “Equal Weight” on Tesla (TSLA), Sees Upcoming Catalysts in Q3 Earnings

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Tesla, Inc. (NASDAQ:TSLA) is one of the AI Stocks Investors Are Watching CloselyOn October 3, Goldman Sachs reiterated the stock as “Equal Weight” and raised the price target to $425 from $395. The firm stated that Tesla’s delivery numbers were better than expected.

“While the expiration of IRA credits will likely be a headwind in 4Q, we see the potential for several events to be positives over the next month including 3Q earnings (which we expect to benefit from the stronger 3Q deliveries and increased Energy deployments), and the 11/6 shareholder meeting.”

Tesla, Inc. (NASDAQ:TSLA) is an automotive and clean energy company that leverages advanced artificial intelligence in its autonomous driving technology and robotics initiatives.

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While we acknowledge the potential of TSLA as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

READ NEXT: 10 Buzzing AI Stocks on Wall Street and 10 AI Stocks Shaping Wall Street’s Next Big Rally

Disclosure: None.

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