WHY GOLDMAN SACHS $780 TSLA PRICE TARGET IS TOO LOW (TESLA DAILY)

EV Channels Review

This episode of Tesla Daily focuses on the significant upgrade of Tesla (TSLA) stock by Goldman Sachs, which raised its price target to $780 and upgraded the rating to 'Buy'. The analyst, Rob Maurer, breaks down Goldman Sachs' reasoning, highlighting their increased EV adoption forecasts and a potential 15 million unit sales target by 2040. However, Maurer points out that Goldman's timeline for reaching these sales figures is more conservative than Tesla's own ambitious 2030 targets, suggesting analysts struggle with non-linear growth projections. The discussion also touches on the impact of deferred revenue and software sales on Tesla's bottom line, arguing that the company is fundamentally undervalued. The episode briefly covers Bloomberg data on S&P 500 benchmark funds' low current ownership of Tesla, comments from short sellers Jim Chanos and Michael Burry (who advises Tesla to issue shares), and a legislative development in Michigan that could hinder Tesla's operations in the state. Maurer expresses skepticism towards the short sellers' arguments, particularly regarding regulatory credits, and views the Michigan legislation as a potential, but hopefully surmountable, hurdle.