Goldman Sachs views Tesla’s newly unveiled Model YL — a larger, six-seat variant of the Model Y — as a positive development for the company’s growth outlook. Designed to compete in the three-row SUV segment, the Model YL is slightly bigger than the original and is set to launch in China this fall at an estimated price of $56,000.
While the new model may cannibalize some sales from the Model Y and X, Goldman says it could significantly expand Tesla’s presence in key mid-size SUV markets across the U.S., Europe, and China. A lower-cost version of the Model Y or Model 3 is also expected in 2025.
Goldman projects 375,000 units from new models by 2027, though it notes risks from tariffs, competition, and pricing pressure.
The firm maintains a Neutral rating on Tesla with a $285 price target.
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