Tesla(US:TSLA) 智通财经网·2025-06-26 08:27Core Viewpoint - UBS maintains a "sell" rating on Tesla (TSLA.US) with a target price of $215, anticipating a Q2 delivery volume of approximately 366,000 vehicles, which represents an 18% year-over-year decline and a 9% quarter-over-quarter increase, but is still 10% below market expectations [1] Delivery Data - UBS expects Tesla's Q2 delivery range to be between 355,000 and 375,000 vehicles, with a projected increase in U.S. deliveries, stable deliveries in Europe, and a potential decline in China [1] - The anticipated Q2 delivery volume of 366,000 vehicles is lower than the market expectation [1][2] Energy Deployment - UBS forecasts Tesla's energy deployment data to be 11.3 GWh for Q2, reflecting an 8% quarter-over-quarter increase, but slightly below the market expectation of 11.8 GWh [1] Market Sentiment - UBS notes that many bullish investors may overlook delivery data due to a focus on Tesla's autonomous taxi project, Robotaxi, believing the stock's value lies in artificial intelligence [1] - The report highlights that Tesla's current financial performance is heavily reliant on its automotive business, which funds its advanced projects [1] Stock Price Dynamics - Historical data indicates that delivery reports falling short of expectations typically lead to a decline in Tesla's stock price; however, last quarter saw a 5% increase in stock price despite a 11% shortfall in delivery expectations, suggesting a shift in market perception [2] - UBS warns that stock price fluctuations due to delivery numbers may be temporary, with the upcoming earnings report being more significant [2] Analyst Ratings - According to TipRanks, Wall Street analysts have mixed views on Tesla, with 14 analysts rating it as "buy," 12 as "hold," and 9 as "sell," resulting in a consensus rating of "hold" and an average target price of $287, which is 12% lower than the current stock price [2]