Goldman Sachs increased its second-quarter delivery forecast for Tesla to 420,000 vehicles. This projection surpasses the market consensus of 400,000 units and the bank's previous estimate of 405,000.
The upward revision follows robust sales performance in China and the United States. Significant year-over-year growth in the European market acted as a primary catalyst for the update.
Despite the higher delivery outlook, Goldman Sachs maintained a Neutral rating on Tesla stock. The investment bank kept its price target at $375 per share.
Tesla’s energy division also reports high activity at its Lathrop Megafactory. The facility is currently operating at full capacity with an estimated $500 million worth of Megapack inventory.