Goldman Sachs US Autos & Industrial Technology: Five Days, Five Minutes
Summaries are public. PDF access requires an active membership; all members have the same access. Sign in
Goldman Sachs' weekly US Autos and Industrial Technology digest highlights two main threads. Policy risk: Trump posted on August 24 that the US may raise tariffs on Canadian vehicle and parts imports from 25% to 50% beginning January 2027, without clarifying whether US-content provisions or USMCA-compliant exemptions remain; the firm views coverage exposure to Canada as modest overall but is monitoring tariff-driven vehicle price increases dampening end demand, alongside reported White House plans to require half of vehicle parts and materials be US-sourced. Data centers: Nvidia's FY2Q beat expectations with management guiding roughly 70% revenue growth in FY28 (CY27), benefiting APH, TEL, JBL, FLEX, VRT and KEYS, with BWA a potential entrant. Company items: Gentex outlined a $4.5–7.1bn annual revenue opportunity over ten years, though LAD adoption appears later than expected; Tesla raised Cybertruck Dual Motor and Premium AWD prices to roughly $75k and $85k and holds its Cybercab event on September 3; Rivian's CFO departs October 30; Waymo plans Munich commercial operations by end-2027 plus a Las Vegas Venetian partnership. Coverage median fell 3.7% (S&P 500 +0.7%); CRNC +5.5% led gainers, AEVA -14.1% lagged. August US SAAR is seen in the low-to-mid 16 million range; Jabil's 4QFY26 results (mid-to-late September) expected strong.