1206 ET - Tesla is potentially getting hit by slower run rate in deliveries, with full-year orders expected to be somewhat muted, UBS analysts say in a research note. UBS lowers its 1Q delivery forecast to 367,000 from 437,000, representing a 5% year-over-year decline and a 26% sequential drop in deliveries. "Looking to the second half of 2025, while we do expect the new 'lower-cost' vehicles to help volume, we also believe that this may take some demand award from the Model 3/ Model Y given our belief that it is a derivative off the existing platform," the analysts say. UBS expects Tesla's deliveries for 2025 to be 1.7 million units, down 5% from 2024. UBS cuts its recommendation on the stock to $225 a share from $259 a share previously. Tesla, the worst performer in the S&P 500 today, trades down 10% to $236.13. (sabela.ojea@wsj.com; @sabelaojeaguix)
(END) Dow Jones Newswires
March 10, 2025 12:07 ET (16:07 GMT)
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