New York, June 16, 2026, 12:05 (EDT)
- Goldman Sachs raised its Tesla Q2 delivery estimate to 420,000 vehicles, topping the Visible Alpha consensus of 400,000.
- Tesla shares held losses through the session, as investors considered optimism around deliveries, but also looked at concerns over valuation and SpaceX-related distractions.
- Tesla’s official Q2 delivery numbers are coming in early July, which is the next major event for the company.
Goldman Sachs is taking a more bullish stance on Tesla’s car deliveries in the near term, but the stock isn’t moving much. Analyst Mark Delaney at Goldman lifted his second-quarter 2026 delivery estimate for Tesla to 420,000 units, up from his previous 405,000 and ahead of the Visible Alpha consensus at 400,000. “We believe that Tesla’s 2Q26 vehicle deliveries are likely tracking ahead of consensus,” Delaney wrote, citing data from China, the U.S., and Europe. Investing.com India
Tesla stock often trades on delivery numbers. Deliveries are the main number investors use to track demand, output, and pricing before results hit. Goldman notes Europe registrations stayed strong through May, helped by easier comps versus last year’s weak Q2. China and Asia-Pacific also looked solid. But U.S. deliveries are still off, down in the mid-teens percent year over year through May, according to Goldman, citing Motor Intelligence. Investing.com India
Goldman kept its Neutral rating and $375 price target on Tesla, AAStocks reported. The bank lifted its 2026 Tesla delivery estimate a notch to 1.73 million cars from 1.72 million. It raised its 2026 EPS forecast, including share-based comp, to $1.35 from $1.30. It made no changes to 2027 or 2028 projections. AASTOCKS In Q1, Tesla delivered 358,023 units and produced 408,386. A Q2 delivery of 420,000 would be a bounce from Q1. Tesla Investor Relations
Tesla shares fell $6.10 to $405.05 during the session, trading between $400.87 and $412.17 as of 15:49 UTC. Traders say valuation is in focus, since the stock is already above Goldman’s unchanged target. Others mention narrative risk. Investors are weighing Tesla’s delivery numbers against its AI plans, Roadster delays and talk of a potential Tesla-SpaceX deal, according to a recent boerse-global report. Ad Hoc News
SpaceX is grabbing attention from Tesla after its start on the Nasdaq. The rocket and AI company opened trading June 12 at $150 a share. That’s higher than its IPO price of $135. It raised $75 billion, putting the company’s market cap close to $1.77 trillion, according to Nasdaq. Nasdaq Reuters reported underwriters exercised the greenshoe, bringing IPO proceeds to $85.7 billion, and shares closed about 19% higher Monday. Reuters Tesla holders could be squeezed here—solid delivery numbers may offer support, but with SpaceX in play, Musk’s broader empire is in focus.
Tesla is set to report its next delivery number. If it hits or tops the 420,000 units Goldman expects for Q2, that could help the shares, suggesting demand is stable beyond just the U.S. But a weak number may put the focus back on possible soft demand stateside, price cuts, and doubts about whether Tesla’s AI and robotics push can support a stock that’s still valued a lot higher than car peers.
