New York, June 17, 2026, 13:05 (EDT)
- Tesla shares slipped 0.5% to $402.75 midday, trailing a U.S. market that was little changed.
- Goldman Sachs raised its Q2 delivery estimate, sticking with its Neutral rating and $375 price target.
- Tesla and Argentina’s YPF signed a charging and storage LOI, bringing fresh headlines, but questions about Tesla’s self-driving safety claims still hang over the stock.
Tesla shares dropped in midday Wednesday trading, with little reaction to Goldman Sachs raising its delivery forecast or a fresh charging partnership announced in Argentina.
The stock slipped 0.5% to $402.75, trading between $397.68 and $404.98 so far today. The drop followed a choppy start for Wall Street ahead of the Federal Reserve’s rate call, with the Nasdaq Composite holding near the flat line late morning.
Tesla investors are pricing the stock on two tracks right now: short-term EV sales and the bigger robotaxi and driver-assist software story that fuels its premium valuation. Deliveries—cars given to buyers—are still the best way to gauge demand in the near term.
Goldman analyst Mark Delaney said Tesla’s second-quarter deliveries are “likely tracking ahead of consensus,” and Goldman now sees 420,000 vehicles, up from 405,000. That’s above the Visible Alpha consensus of 400,000. Delaney pointed to stronger regional numbers from China, Europe and other markets. The U.S. stayed weak. Investing.com
Tesla’s last delivery report lowered expectations. In April, the company said it delivered over 358,000 vehicles for the first quarter. Production was over 408,000 vehicles, and Tesla deployed 8.8 gigawatt hours of energy storage.
Argentina’s YPF said it signed a letter of intent with Tesla to look at fast-charging networks and energy storage. YPF CEO Horacio Marin visited Tesla’s Gigafactory in Texas during the talks, the state oil and gas firm said.
Tesla’s agreement could give it a slight boost, but it’s not set to move big volumes of cars right now. Citi analyst Andres Cardona said the tie-up “tries to leverage on YPF’s leading fuel marketing operation” in Argentina. Charging stations are still scarce there. Barron’s
Mobileye is gearing up to launch a U.S. robotaxi business in 2027, turning up the pressure on Tesla in a sector the EV company tells investors to watch closest. The move puts Mobileye more squarely against Tesla as well as Alphabet’s Waymo and Amazon-backed Zoox in the market for autonomous ride-hailing—paid rides in self-driving vehicles.
Regulation is a big risk, not just competition. Democratic Senators Edward Markey and Richard Blumenthal urged the National Highway Traffic Safety Administration to look at Tesla’s self-reported crash data for its “Full Self-Driving” system. FSD can steer, brake, and accelerate, but drivers still have to pay attention. The senators called Tesla’s analysis “weak and misleading,” according to Reuters. Tesla didn’t reply to Reuters’ request for comment. NHTSA said it is reviewing the letter. Reuters
Counterpoint from the Netherlands. Dutch Transportation Minister Vincent Karremans said the country cleared Tesla’s supervised FSD after “independently verified testing,” rejecting Tesla’s own marketing numbers. That could aid Tesla in Europe, but U.S. policy risk stays in place. Reuters
Market mood stayed cautious as investors held back ahead of the Fed’s 2 p.m. ET decision. Rates are likely to stay at 3.50%-3.75%. “I’m of the camp that the Fed should really continue to take a wait-and-see approach,” said Jack Ablin, chief investment officer at Cresset Capital Management. Reuters
