Rivian to Participate in Morgan Stanley’s 11th Annual Laguna Conference

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Go back to Rivian to Participate in Morgan Stanley’s 11th Annual Laguna Conference

UBS maintains Neutral rating on Tesla (TSLA); Initiates coverage on Rivian (RIVN)

September 13, 2023 12:37 PM EDT

UBS Global reiterated a Neutral rating on Tesla (NASDAQ: TSLA) and raised their 12-month price target on the EV stock to $290.00 (From $270.00). The adjustment comes in light of Tesla's ongoing strategy of leveraging its cost advantage and stimulating demand through price reductions.

UBS analyst, Joseph Spak believes this pricing strategy could potentially provide Tesla with a formidable competitive edge, allowing the company to expand its customer base. This approach may also create challenges for competitors grappling with higher operating costs. However, while this strategy has the potential to be a game-changer, it... More