Tesla Inc (NASDAQ: TSLA) and Goldman Sachs

Goldman Sachs has maintained a neutral rating on Tesla Inc (NASDAQ: TSLA) while also recognizing the company's leadership in the clean mobility sector, which covers electric vehicles (EVs), energy storage, software, and charging infrastructure.

Nevertheless, the firm pointed out potential challenges for Tesla’s core automotive segment. Analysts led by Mark Delaney noted:
> "We expect it will face headwinds in the core auto business over the near to medium term (including slower global EV demand, and pricing pressure)."

Additionally, the growth of Tesla's Full Self-Driving/Autonomous Vehicle (FSD/AV) business is anticipated to be gradual, possibly impacting the company’s short-term valuation, which Delaney termed as "full."

Goldman Sachs also mentioned that Tesla's stock could continue to trade at a higher multiple due to long-term opportunities related to FSD and robotics, fueled by market enthusiasm for potential AI beneficiaries. Delaney remarked:
> "We believe the prospects for Tesla’s auto business (including the growth impact from new/refreshed models planned for 2025) and progress with FSD (including the performance of v13) will help determine the valuation level the stock will trade at, and if the higher valuation multiple is sustained."

Notably, Tesla shares have risen by more than 60% year-to-date.