UBS pessimistic about Tesla as global consumers turn away: stock price may drop 47%
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A UBS survey shows that due to CEO Elon Musk's excessive involvement in politics, Tesla's brand appeal in global markets has declined, maintaining a "sell" rating with a target price of $190, representing a 47% downside from the closing price on May 28. The survey indicates a decrease in the proportion of car buyers for Tesla in major markets, especially in the United States and Europe. Tesla's delivery volume in the Chinese market has decreased by 31.6% compared to last year, facing fierce competition from rivals such as BYD
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