Goldman Sachs is still bullish on Tesla shares after a significant sell-off in the previous month.
In a new paper examining winners from the transition to autonomous driving
With a $305 price target, Goldman reiterated its buy recommendation on Tesla shares, assuming a 45% increase from current levels.
The endorsement comes after a tumultuous few weeks for Elon Musk, the CEO of Tesla, and the company's stock.
Regarding the latter, the September retail sales data, which was released on Friday
showed a modest decline in auto sales, confirming recent pessimistic commentary on the auto market from companies like Ford and CarMax.