Tesla (NASDAQ:TSLA) shares have risen about 3% over the past five days after Q3 deliveries of 486,532 beat analysts' expectations of roughly 462,000, though deliveries were still down about 2% year over year. The stock remains down about 15% this year ahead of Q3 earnings due October 21. Goldman Sachs said the stock will move more on robotaxi, FSD and Optimus updates than on quarterly earnings, keeping a Neutral rating with a $360 price target. The author argues the valuation is hard to justify: the forward non-GAAP P/E of 219.06x is about 81% above its 5-year average, and analysts expect EPS growth of just 5% in 2026 and 23% in 2027 before larger jumps in 2028 and 2029. The author concludes the stock is not worth buying at its current price.
Summary written by Upside AI from the original article. Read the source for full details.
Read the original on Yahoo Finance ↗
Related tickers and likely impact
TSLA
▼ Likely negativeTesla, Inc.
Relevance: medium
| Market | US stocks |
|---|---|
| Sector | Consumer Discretionary |
| Industry | Automobile Manufacturers |
| Market cap | $1.5T |
| Close on 10/12/2026 | 378.03 |
| Change that session | -1.22% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
Related news
- Tesla Robotaxi Fleet in Austin Soars 8x in a Month While Elon Musk Admits TSLA Is Still Working on Not Running Over Cats
- Tesla target lowered by analysts worried about runaway $25 billion spending
- EXCLUSIVE: Ross Gerber Says Tesla May Make Just ‘a Few Hundred’ Roadsters: ‘Hovering Is a Gimmick’
- Tesla Completes Comeback, Paving Way For 30% Upside
- GM's Plans To Rival Tesla's Self-Driving On Track For 2028, CEO Says
- Michael Burry's latest bet raises uncomfortable questions for Tesla
Get briefings and signals on Telegram or Zalo
Join the Upside Telegram channel or Zalo group for the morning, midday and evening briefing of each market and important news as it happens.