UBS recommends Buy Following Tesla's Q3 Deliveries & AI Day

UBS recommends Buy rating & $367.00 price target for Tesla Inc (NASDAQ:TSLA) based on the company’s Q3 delivery report.

Tesla said in the release, “as our production volumes continue to grow, it is challenging to secure vehicle transportation capacity & a reasonable cost in these peak weeks.

UBS believes that Tesla is best positioned for a more balanced market & expects price action to ensure that its growing capacity will be fully utilized.

UBS has written in a note saying, “With approx.30% auto gross margin, Tesla is better positioned than anyone else

UBS has written in a note saying, “With approx.30% auto gross margin, Tesla is better positioned than anyone else

Tesla also featured its Full Self-Driving (FSD) program at one of the events. Tesla has 160,000 users participating in the FSD Beta program now.