Tesla, Inc. focuses on electric vehicle design, manufacturing, and marketing, with 81.1% of sales from motor vehicles. The company is expanding its services, energy production, and storage systems, and will operate seven production sites by the end of 2023, primarily in the USA, China, and Germany. UBS suggests that Tesla may need to reduce prices following the removal of the electric vehicle tax credit to sustain sales.
UBS analyst Joseph Spak has raised Tesla's price target to $226 from $197 while maintaining a 'Sell' rating, citing concerns over the speculative nature of its AI initiatives, which he believes inflate the market cap by nearly $1 trillion. He estimates that Tesla's auto and energy divisions contribute about $52 per share, with the rest driven by AI optimism. In contrast, Dan Ives from Wedbush Securities views Tesla as undervalued in the AI sector, highlighting its Full Self-Driving technology as a significant opportunity, while Morgan Stanley reaffirms a 'Buy' rating, praising Tesla's self-driving capabilities and responsiveness to pro-charging policies in the U.S.
Tesla's stock has surged by over $350 billion since the election, driven more by market enthusiasm than actual business improvements, according to UBS analysts. They caution that potential policy changes, such as the removal of consumer tax credits, could negatively impact Tesla, and maintain a sell rating with a price target increase to $226.
UBS analysts predict Tesla stock could drop 35% due to a lack of fundamental support for its recent surge, maintaining a "sell" rating with a price target of $226. The company's ambitious growth targets, including delivering 15 million cars by 2030, appear unrealistic compared to Wall Street's forecasts. Concerns also arise from Tesla's auto business constituting only 12% of its market cap, historically signaling potential corrections.
UBS analysts predict Tesla's stock could drop 35% due to a lack of fundamental support for its recent surge, maintaining a "sell" rating with a price target of $226. The firm highlights that Tesla's growth projections, including delivering 15 million cars by 2030, are overly optimistic compared to Wall Street's expectations. Concerns also arise over the potential negative impacts of policy changes under a Trump administration, which may lead to price cuts and further corrections in stock value.
Tesla's stock surge, driven by investor optimism linked to President-elect Trump's policies favoring CEO Elon Musk, has added $350 billion to its market cap. However, UBS analysts caution that this momentum lacks fundamental support, warning that potential removal of consumer tax credits could hurt demand. Despite a friendly regulatory environment for autonomous vehicles, challenges remain, and Tesla's Cybercab production won't start until at least 2026.
Tesla, Inc. specializes in designing, building, and selling electric vehicles, with automotive vehicle sales accounting for 81.1% of net sales. The company operates seven production sites across the U.S., China, and Germany, with net sales primarily generated in the U.S. (46.7%) and China (22.5%). Other revenue streams include services, energy systems, leasing, and automotive receivables.
Tesla, Inc. focuses on developing, building, and selling electric vehicles, with 81.1% of net sales from motor vehicle sales. The company also offers services, energy generation and storage systems, vehicle leasing, and automotive loans. As of the end of 2023, Tesla operates seven production sites across the U.S., China, and Germany, with net sales primarily from the U.S. (46.7%) and China (22.5%).
Tesla, Inc. focuses on designing, manufacturing, and marketing electric vehicles, with 81.1% of sales from motor vehicles. The company also offers services (8.6%), energy production and storage systems (6.2%), vehicle leasing (2.2%), and loans (1.9%). By the end of 2023, Tesla will operate seven production sites across the USA, China, and Germany, with sales primarily from the USA (46.7%) and China (22.5%).
Tesla's director now owns 5,400 shares valued at approximately $1.87 million after a significant sale that reduced their ownership by nearly 95%. Over the past 90 days, insiders sold 301,187 shares worth about $93 million, while institutional investors hold 66.20% of the stock. UBS Group raised its price target for Tesla to $226, despite maintaining a "sell" rating, as analysts generally rate the stock as a "Hold" with an average target of $231.06.
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