Goldman Sachs has lowered Tesla's target price for the third time this year

On April 10th, Goldman Sachs lowered its target price for Tesla (TSLA. O) for the third time this year. Goldman Sachs US stock analyst Mark Delaney said on Tuesday that he will maintain Tesla's neutral rating and lower his target stock price from $190 to $175. Delaney stated that in the medium term, the new Model Y may be a positive driving factor. Future car pricing and gross profit margin remain key factors affecting Tesla's stock price. The analyst also stated that the ability of FSD to bring sustained profits remains a key question mark, as the company is a leader in AI and software technology in the automotive industry, with software and services potentially contributing significantly to Tesla's profitability by 2030. Delaney stated that if Tesla's $25000 model is delayed, we believe it will have a significant negative impact on Tesla's stock. Since April, seven institutions, including Daimler and Xiaomo, have lowered Tesla's target prices.