Goldman Sachs has raised it's price target on Tesla (TSLA) stock following ten consecutive days of gains, the automaker's share buoyed by stronger-than-expected second quarter EV deliveries. However, Goldman's stance remains cautious. Though the investment bank has increased its price target to $248 from the previous $175, this reflects a potential downside of approximately 5% from current trading levels.

Read more about Tesla's recent rally here:
Tesla looks to extend win streak to 9th day
Tesla stock rally continues as robotaxi reveal date nears
Tesla stock rises again, extending monster 40% rally over the last month

For more expert insight and the latest market action, click here to watch this full episode of Morning Brief.

This post was written by Angel Smith