Why Goldman Sachs is staying super bullish on the Elon Musk-led Tesla

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.


Follow us on


Wealth Baba


Wall Street banks' profits slide as economic clouds loom, some beat forecasts