Goldman Sachs analysts cut Tesla's delivery forecasts, slashed earnings estimates, and scaled back expectations for brand momentum across key markets. The message is clear: demand is weakening, competition is accelerating, and consumer enthusiasm is fading. This sentiment is also shared with UBS. 

"We're lowering our Tesla vehicle delivery assumptions and EPS estimates to better reflect weaker monthly datapoints in key regions (e.g. China, the US, and Europe), and also consumer survey data on Tesla (per HundredX and Morning Consult)," analysts Mark Delaney, Dan Duggan, and others wrote in a note to clients on Thursday.