Part 4/12:
Goldman Sachs' rationale centers on a belief that the market is starting to give longer-term opportunities more credit, although the overall market sentiment continues to favor short-term gains. The firm notes that recent sales improvements in April and May—possibly due to less aggressive discounting, full tax credits for Model 3, charging deals, and AI advancements—have contributed to Tesla’s impressive performance this year.
Moreover, Goldman Sachs has raised its quarterly earnings estimates, portraying confidence in Tesla’s upcoming financial results. Such moves suggest an evolving expectation that Tesla may sustain its growth trajectory, even as valuation metrics become more cautious.