Goldman Sachs kept its 'Neutral' rating and $360 price target on Tesla, saying profitability and free cash flow could stay under pressure in the near to medium term due to higher operating expenses and capital expenditures, while intensifying competition in EVs, autonomous driving, energy and robotics could slow earnings growth. Third-quarter revenue of $28 billion missed expectations of $28.3 billion, but adjusted EPS of $0.48 beat the $0.45 estimate. Adjusted net income fell 4% to $1.7 billion while capex more than doubled to $4.7 billion, and Tesla lowered its 2026 capex outlook to $20 billion from more than $25 billion. TSLA shares were down 5% at the time of writing, on track for their biggest one-day loss in nearly seven weeks. TD Cowen maintained a Buy rating with a $460 target, UBS raised its target to $425 from $391, and Piper Sandler lifted its target to $475 from $450.
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TSLAelectric vehiclesGoldman Sachsearnings
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Related tickers and likely impact
TSLA
▼ Likely negativeTesla, Inc.
Relevance: high
| Market | US stocks |
|---|---|
| Sector | Consumer Discretionary |
| Industry | Automobile Manufacturers |
| Market cap | $1.4T |
| Close on 10/21/2026 | 386.55 |
| Change that session | +3.44% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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