Tesla Shares Poised for Rally as UBS Raises Delivery Forecast

Tesla has received unexpected support from one of the world’s leading investment banks, UBS, which has significantly upgraded its third-quarter delivery projections for the electric vehicle manufacturer. This revised outlook could provide substantial momentum for the company’s stock price, though questions remain about whether this optimism extends beyond temporary tax incentives.

Market experts at UBS have increased their delivery forecast to 475,000 vehicles for the current quarter, representing a substantial jump from their previous estimate of 431,000 units. This new figure stands approximately 8% above Wall Street’s consensus expectations and would mark a 24% increase compared to the previous quarter’s performance.

The bank attributes this positive revision primarily to unexpectedly robust performance in the United States market. UBS... Read more...