Though Goldman increased its price target, the investment bank remains neutral on Tesla, with the new price target implying about 5% downside from Tuesday's close of $262.33.
Taiwan Semiconductor Manufacturing — Shares of the company, which makes semiconductor chips for AI giants including Nvidia and Apple, added 2%.
Taiwan Semiconductor reported revenue from April-June this year of T$673.51 billion, as compared to the T$654.27 billion expected by analysts polled by LSEG, according to Reuters.
3M Company — Shares declined 1.2% after 3M announced its finance chief Monish Patolawala is leaving the company "to pursue another opportunity."
The analyst's $77 price target implies a rise of 10.2% over the next 12 months.
Persons:
Goldman Sachs, Tesla, Goldman, Monish Patolawala, Carvana, Needham, Jefferies, LegalZoom.com, Dan Wernikoff, LegalZoom, Lisa Han, Alex Harring, Spencer Kimball
Organizations:
Taiwan Semiconductor Manufacturing, Nvidia, Apple, Taiwan Semiconductor, LSEG, Reuters, 3M, Walmart —, Spotify Technology