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UBS reiterates "Neutral" rating on Tesla with a $385 price target, citing better-than-expected deliveries but weaker-than-expected energy deployment.
UBS reiterated its "Neutral" rating on Tesla and maintained a price target of $385. This follows Tesla's deliveries exceeding market expectations by approximately 5%, continuing the rebound in vehicle sales. However, energy deployments fell short of expectations, which UBS stated could moderately impact its earnings model given the above-average margins of this business segment.
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