Goldman Sachs Updates Tesla (NASDAQ:TSLA) Rating to "Cautious"

• Goldman Sachs has updated its rating for Tesla (NASDAQ:TSLA) to "Cautious" with a "hold" action as of March 2, 2025, when Tesla's stock price was $292.98.
• Tesla is making significant strides in self-driving technology, potentially positioning it as a leader in the automotive industry.
• Tesla's advancements in AI and self-driving capabilities could significantly impact its stock and position in the global market, especially in China, the largest electric vehicle market.

On March 2, 2025, Goldman Sachs updated its grade for Tesla (NASDAQ:TSLA) to "Cautious," maintaining a "hold" action. At the time, Tesla's stock price was $292.98. Tesla is a leading electric vehicle manufacturer known for its innovative approach to automotive technology. It competes with companies like BYD in China and Waymo in the U.S. in the self-driving space.

Tesla is making significant strides in self-driving technology, which could revolutionize the automotive industry. Despite the lack of a true self-driving car in the global market, Tesla's advancements in AI could position it as a leader. This potential breakthrough could impact Tesla's stock and its position in the global market.

In the U.S., Waymo, a subsidiary of Alphabet, leads the self-driving initiative with services in cities like Los Angeles and San Francisco. However, Waymo's technology hasn't been extensively tested on open roads, and as a non-car manufacturer, it needs partnerships to implement its software. Tesla's ability to integrate self-driving technology into its vehicles gives it a competitive edge.

In China, the largest electric vehicle market, companies like BYD are also developing self-driving features. BYD recently unveiled its "God's Eye" technology. Tesla's advancements in AI and self-driving capabilities could significantly impact its stock and position in the global market, especially in China, where the opportunity is massive.

Tesla's stock is currently priced at $293.05, showing a 3.94% increase, or $11.10 rise. The stock fluctuated between $273.60 and $293.58 during the day. Over the past year, it reached a high of $488.54 and a low of $138.80. Tesla's market capitalization is approximately $942.59 billion, with a trading volume of 115.70 million shares.