UBS downgrades Tesla ahead of its big Cybertruck production ramp - and poses 3 pivotal questions that will define the company's future
For Tesla to unlock more value for its investors, it needs to unlock more profits, and that's unlikely to happen until the company makes progress on its autonomous driving technology, UBS said.
UBS posed three pivotal questions Tesla investors need to ask. Here are the answers, according to the note. "Likely not for 2023, uncertain for 2024, likely yes for 2025. Tesla should meet the 1.8 million delivery target for 2023, but achieving 50% growth in 2024 would require a perfect ramp of Cybertruck.
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