Goldman Sachs keeps a Neutral rating and $345 price target on Tesla (TSLA) after the company’s Q4 production and delivery data. Deliveries of about 496K in Q4 came in below consensus, which was roughly in the 500K-510K range, with weakness in Europe offset by growth in China, where deliveries were up mid to high teens, the analyst tells investors in a research note. The firm is also reducing its FY25 EPS view to $2.80 from $2.85 while cutting its 2025 deliveries estimate to 2.01M from 2.03M cars but notes that Tesla’s longer-term growth should be stronger driven in part by a growing software and services business.
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