Tesla (TSLA.US)'s latest results were mixed, Goldman Sachs issued a research report saying.

While 1Q25 non-GAAP EPS was US$0.27, weaker than the market consensus of US$0.41, and Tesla declined to provide formal guidance in light of tariff uncertainty, the broker believed that there are still some positives for Tesla, such as higher-than-market-consensus 1Q25 non-GAAP auto gross profit margin excluding regulatory credits, and that Tesla is still forecasting to begin its robotaxi operation in June, albeit in small scale.

Therefore, Goldman Sachs kept rating at Neutral on the stock, and chopped its target price to US$235 from US$260 as it believed that the increase in FSD's software revenue will partially offset the downside risk to the near- to medium-term consensus forecasts.
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AAStocks Financial News
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