Goldman Sachs Is ‘Meh’ On Tesla’s Self Driving Software As It Sticks With Neutral Rating

Investment bank Goldman Sachs is out with a fresh analyst note for Tesla, which takes a look at the firm’s full self-driving (FSD) assisted driving platform and the expectations surrounding it for the US and Chinese markets. FSD is a key part of Tesla’s valuation, and Goldman believes that the software will perform better in the US than in China. The bank has reached this conclusion as Tesla has had more time to refine FSD in the US while it launched FSD in China with little data to train the software on.
Goldman Sachs Sticks With Neutral Rating & $235 Share Price Target For Tesla
Tesla’s stock has been on an upward trend lately, having gained 20% over the past month and 23% since the firm’s earnings report, where Elon Musk indicated that he would devote less time to his government work and more to the firm. At Tesla’s earnings call, management shared quite a lot of details about FSD. Tesla’s VP of AI Software, Ashok Elluswamy, revealed that the firm had deployed FSD in China with