Goldman sees 10% downside for Tesla even after China self-driving progress

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Goldman sees 10% downside for Tesla even after China self-driving progress
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The firm also has a neutral rating on the electric-vehicle maker.

Tesla shares could cool following Monday's rally as obstacles remain to achieving full self-driving technology in China , according to Goldman Sachs. The electric-vehicle maker's stock climbed more than 15% Monday, marking its best day since 2021 after clearing a key regulatory hurdle for rolling out advanced driver-assistance technology in China . But Goldman analyst Mark Delaney has a $175 price target, which implies a 9.8% downside from the stock's last closing price.

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