Tesla (TSLA) best positioned to master upcoming industry shake-out - UBS

March 24, 2023 6:34 AM EDT
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Price: $221.31 --0%

Rating Summary:
    28 Buy, 21 Hold, 10 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 11 | Down: 9 | New: 12
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UBS analyst Patrick Hummel reiterated a Buy rating and $220.00 price target on Tesla (NASDAQ: TSLA).

"Despite a plethora of BEV launches, legacy mass OEMs are the relative losers in this year's survey. In a market that is no longer supply constrained, technology and cost leadership have become more important than ever, and we think Tesla is clearly best positioned to win as it fully controls all the mission-critical levers in-house. With Cybertruck later this year and the third-gen platform (50% cost reduction vs. Model 3 & Y) launching in 2025 (UBSe), Tesla will likely gap away further in volume and profitability vs. global peers."

For an analyst ratings summary and ratings history on Tesla click here. For more ratings news on Tesla click here.

Shares of Tesla closed at $192.20 yesterday.

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