Goldman Sachs Raises Tesla Q2 Delivery Forecast to 420,000 Amid Slump

On June 17, Goldman Sachs raised its Q2 2026 Tesla delivery forecast to 420,000 vehicles, citing stronger-than-expected sales in China, the U.S., and Europe. This builds on the bank’s June 16 update that lifted estimates from 405,000 to 420,000 while keeping a Neutral rating and $375 price target. The revised outlook exceeds both FactSet and Wall Street consensus figures and contrasts with broader auto-industry weakness, including a 22% drop in U.S. EV sales last month. Tesla shares fell about 1% in premarket trading and remain down roughly 10% year to date, trading between the 50-day and 200-day moving averages.