Tesla stock falls 1.56 percent as Goldman keeps Neutral rating

Published on 10/07/2026 at 17:04 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Tesla stock carries a USD 360.00 Goldman Sachs target after the October 6 rating update. Third-quarter deliveries reached 486,532 vehicles before the October 21 earnings date.

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Tesla stock (ISIN US88160R1014) was trading at USD 374.75 on Nasdaq on October 7, 2026, down 1.56 percent from the previous close of USD 380.68. The immediate catalyst is a cautious Goldman Sachs view ahead of Tesla's third-quarter financial results.

Goldman keeps a Neutral rating

According to Investing.com on October 6, 2026, Goldman Sachs maintained a Neutral rating and a USD 360.00 price target. The target sits USD 14.75 below the intraday price, a 3.9 percent gap that leaves the bank's published valuation below Tesla's October 7 quote.

The broader analyst picture is less uniform. MarketBeat lists a Hold consensus from 47 analysts, with 23 Buy ratings, 18 Hold ratings, 5 Sell ratings and 1 Strong Buy rating. Its average target is USD 412.01, while the published high and low targets are USD 840.00 and USD 25.28.

Deliveries beat the company consensus

Tesla delivered 486,532 vehicles in Q3 2026, according to Tesla Investor Relations in a release dated October 2, 2026. Model 3 and Model Y deliveries accounted for 478,237 vehicles, while other models contributed 8,295.

The same release reported production of 464,391 vehicles and energy-storage deployments of 13.7 GWh. Deliveries therefore exceeded production by 22,141 vehicles, making the delivery figure the clearest operating number before the full financial update.

Margins remain the next test

Tesla's delivery report stated that vehicle deliveries and storage deployments are only two measures of quarterly performance. Average selling prices, costs, foreign exchange movements and the energy business will determine whether the volume result translates into stronger earnings.

The stock's USD 374.75 quote remains below its 52-week high of USD 498.83 and above its 52-week low of USD 297.38. The range shows why the upcoming earnings release matters more than the delivery count alone: the market is still pricing a wide outcome for Tesla's vehicle, energy and artificial-intelligence businesses.

Tesla stock heads toward October 21

Tesla stock was trading at USD 374.75 on Nasdaq on October 7, 2026, while its market capitalization stood at USD 1.5 trillion and volume reached 10,782,940 shares. Tesla is scheduled to publish Q3 2026 financial results on October 21, 2026, after the market close, followed by a webcast at 5:30 p.m. ET, according to Tesla Investor Relations.