Tesla stock: Goldman’s analysis of Musk’s earnings call.

Over the next 12 months, Tesla stock (TSLA) is expected to make one hell of an electrifying move, according to Goldman Sachs.

Following Tesla’s earnings report on Wednesday, analyst Mark Delaney repeated his position in a note, maintaining his Buy rating and $200 price objective on the company.
The price goal takes into account a potential 25% increase from the stock’s current price.

Tesla’s fourth-quarter gross profit margin was 23.8%, below the 25.4% consensus projection.
Analyst projections for the automobile sector’s gross profit margin were 28.4%; the actual figure was 25.9%.

Elon Musk, the CEO of Tesla, tried his best to seem excited about the company’s operations during the quarterly call with investors.

The 38% volume growth forecast Tesla provided for 2023, which fell short of a longer-term aim of 50%, seems to have taken the economic warning into account.

Additionally, Musk stated that «volume production» will start in 2024 and that Cybertruck development would be postponed until the summer.

Despite the doubts, Tesla stock increased by about 11% on Thursday as a result of investors favoring Musk’s analysis of short-term demand trends.