Goldman Sachs slashes Tesla's delivery outlook as core vehicle demand falters, while regulatory scrutiny of the Cybercab program adds uncertainty to the company's long-term growth strategy.
Goldman Sachs cut its Q3 and Q4 delivery forecasts for Tesla citing weaker sales trends in key markets, and NHTSA is investigating the Cybercab rollout.
Goldman Sachs has lowered its Q3 and Q4 delivery forecasts for Tesla, citing softening demand in the US, China, and Europe. The bank now projects 435,000 deliveries for Q3, falling below consensus estimates, as investors shift focus toward the company's autonomy initiatives. Meanwhile, Tesla faces mounting regulatory pressure from the NHTSA regarding the safety certification of its Cybercab robotaxi program.
The bank cited weaker-than-expected sales trends across Tesla's primary markets, including the US, China, and Europe.
The NHTSA is investigating whether Tesla properly self-certified the Cybercab, which lacks traditional steering wheels and pedals, for compliance with federal safety standards.