Goldman Sachs updated its Tesla second-quarter delivery forecast on June 16, 2026. The firm increased its estimate to 420,000 units. This revision replaces the previous forecast of 405,000 vehicles. The new projection exceeds the current market consensus of 400,000 units. Robust sales in China and the United States drove the adjustment, while European markets showed strong year-over-year growth.
The outlook reflects resilient electric vehicle demand despite broader economic pressures. Tesla’s quarterly deliveries through May tracked a mid-teen percentage increase over the previous year. The company serves as a major barometer for high-end consumer spending. Tesla also remains a significant component of consumer discretionary ETFs like XLY.
Goldman Sachs maintained a Neutral rating on the stock with a $375 price target. Analysts cited a high valuation for the cautious stance, noting a price-to-earnings ratio of 377.2x. Pre-market trading showed no immediate significant reaction to the revised forecast.