TSLA - UBS REITERATES SELL RATING ON TESLA UBS analyst Joseph Spak reaffirmed a Sell rating on Tesla with a $247 price target and lowered his 4Q25 delivery forecast to 415,000 units from 429,000. This estimate is 5% below the Visible Alpha consensus of 435,000 but aligns with buyside expectations of 405,000–415,000. UBS notes that Tesla’s stock typically reacts to headline delivery beats or misses, even if results meet investor expectations. Tesla is expected to report 4Q25 deliveries on January 2.(*Walter Bloomberg)