$TSLA - GOLDMAN: TESLA’S AI STORY MATTERS MORE THAN Q3 EARNINGS

GOLDMAN SACHS REITERATED ITS NEUTRAL RATING AND $360 PRICE TARGET ON TESLA AHEAD OF Q3 EARNINGS.

THE BANK EXPECTS IMPROVING VEHICLE REVENUE FROM THE MODEL Y L RAMP, BUT SAYS HIGHER COSTS AND CAPEX COULD LIMIT 2026 EPS UPSIDE.

GOLDMAN BELIEVES ROBOTAXIS, FSD AND HUMANOID ROBOTS WILL MATTER MORE FOR TESLA’S STOCK REACTION THAN Q3 EARNINGS THEMSELVES. ...