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Tesla’s price target doubled by UBS, which maintains a neutral rating on the stock



Tesla’s
TSLA,
+ 1.38%

the price target was more than doubled by UBS, to $ 325 from $ 160, while maintaining a neutral rating. Analyst Patrick Hummel said Tesla’s target was raised based on expectations of increased volumes and margins and higher AV / robotaxi opportunity value. Ahead of the Sept. 22 battery day, Hummel said he expects “the announcements will be significant, cementing Tesla̵

7;s cost and technology advantage for many more years.” Tesla closed Thursday at $ 371.34.


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