Mar. 19 at 10:36 AM
$TSLA Tesla seen delivering 345,000 vehicles in Q1, says UBS
UBS is calling for Tesla to deliver 345,000 deliveries in Q1, down 18% quarter over quarter but up 2% year over year, below the firm's prior estimate and consensus, with storage deployments of 15.1 GWh, though deliveries are viewed as less influential on the stock than in the past, the analyst tells investors in a research note. Share performance appears increasingly driven by narrative and AI-related initiatives such as Robotaxi and Optimus, while the core auto business remains critical to funding growth investments, including about
$20B in planned capex this year, UBS says. The firm has a Sell rating and
$352 price target on Tesla shares.
