UBS has reaffirmed its Sell rating on Tesla, Inc., which primarily designs, builds, and sells electric vehicles. The company's net sales are largely derived from automotive vehicle sales (81.1%), with additional revenue from services, energy systems, leasing, and automotive credits. As of the end of 2023, Tesla operates seven manufacturing sites across the U.S., China, and Germany, with net sales distributed mainly in the U.S. (46.7%) and China (22.5%).
