Goldman Sachs Delivers Another Blow to Tesla—Slashing Q2 Delivery Estimates
Wall Street's bearish whispers just got louder. Goldman Sachs joins the chorus of skeptics, trimming Tesla's delivery forecasts as TSLA stock wobbles under mounting pressure.
Another day, another analyst downgrade—because nothing fuels the financial machine like a good old-fashioned reality check. Tesla bulls, consider this your warning flare.
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Tesla’s Global Sales Slowdown Drives Forecast Cut
The 5-star analyst pointed out that Tesla’s U.S. deliveries in Q2 are tracking about 15% lower than last year, based on recent data from Wards and Motor Intelligence.
He added that in Europe, the situation looks even more strained. April registrations fell nearly 50% year-over-year, and May data, where available, showed a drop of around 20%. Delaney noted that this ongoing weakness could drag down Tesla’s growth in the region. Meanwhile, sales in China ROSE slightly compared to the early part of the year. However, when compared to the year-ago quarter, the sales were still down by 20%, reflecting continued volatility in the Chinese EV market.
Given the weak sales trends, Delaney now expects Tesla to deliver around 365,000 vehicles in Q2 2025, down from his earlier forecast of 410,000. This new estimate also falls below the broader consensus of 417,000 units.
Still, he believes the final number will hinge on June’s results and how much Tesla leans on price cuts or other offers to boost sales before the quarter ends.
Is Tesla a Good Stock to Buy?
On TipRanks, TSLA stock has a Hold consensus rating based on 16 Buys, 10 Holds, and 11 Sell ratings. Also, the average Tesla price target of $282.70 implies that shares are almost fully valued at current levels. Year-to-date, TSLA stock has lost 29.5%.
