<div id="readability-page-1"><p>UBS analyst Joseph Spak reiterated his &#34;Sell&#34; rating on Tesla (TSLA) and maintained a price target of $247, which implies a massive 49.5% downside potential from current levels. He lowered Tesla's Q4 deliveries to 415,000 autos from 429,000, which is 5% below the consensus, citing impact from the expiration of the $7,500 U.S. federal credit on September 30, 2025.</p><h3>Claim 50% Off TipRanks Premium and Invest with Confidence </h3><ul><li>Unlock  hedge-fund level data  and  powerful investing tools  designed to help you make smarter, sharper decisions  </li><li> Stay ahead of the market with  the latest news and analysis  so your portfolio is always positioned for maximum potential</li></ul> <p>Yesterday, TSLA stock hit a fresh 52-week high of $498.83 in regular trading. Investors continued to cheer the Delaware Supreme Court's approval of CEO Elon Musk's disputed 2018 pay package. This propelled Musk to officially become the world's first billionaire to cross the $700 billion net worth after the package added $139 billion to his wealth overnight.</p> <h2><strong>Spak Reviews Tesla's Delivery and Demand Trends</strong></h2> <p>Spak argues that Tesla is set to witness a decline in electric vehicle (EV) sales in the final quarter of 2025 as some consumers pre-purchased in Q3 to qualify for the federal tax benefit. There will be fewer deliveries in Q4, making it harder for Tesla to beat its projected annual sales for 2025. For the first nine months of 2025, Tesla delivered about 1.21 million vehicles, with full-year guidance estimated between 1.6 million and 2 million.</p> <p>Moreover, Spak believes that TSLA trades at a premium valuation. The stock is around $488.70, with a price-to-earnings (P/E) ratio of 321.5x and a price-to-sales (P/S) ratio of 13.22x, both significantly above the sector median.</p> <h2><strong>Tesla Faces Global Sales Pressure</strong></h2> <p>Tesla faces consistent sales declines and heated competition across key markets, including the U.S., China, and Europe. In November, registrations (a close proxy for sales) plummeted 58% in France to 1,593 units, 49% in Denmark to 534 units, and 59% in Sweden to 588 units. At the same time, in the U.S., sales fell nearly 23% to 39,800 vehicles, down from 51,513 a year earlier and dropping to its lowest level in nearly four years.</p> <p>By contrast, China bucked the trend with a 9.9% year-over-year rise in November EV sales, a welcome change from the three-year low hit in October. Tesla struggles to rebuild customer confidence as competition intensifies from local firms and Chinese rivals such as BYD &amp; Co. (BYDDF), Nio (NIO), Li Auto (LI), Volkswagen (VWAGY) and Skoda. The company also faces an aging model lineup, production delays, and ongoing supply chain issues that are extending delivery times.</p> <h2><strong>Is Tesla Stock a Buy?</strong></h2> <p>Analysts remain cautious about Tesla's long-term outlook. On TipRanks, TSLA stock has a Hold consensus rating based on 11 Buys, 12 Holds, and nine Sell ratings. The average Tesla price target of $382.87 implies 21.7% downside potential from current levels. Meanwhile, Tesla shares have gained 21% so far this year.</p></div>

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<p>UBS analyst Joseph Spak maintains a "Sell" rating on Tesla (TSLA), predicting a 49.5% downside with a $247 price target. He cites reduced Q4 deliveries due to the expiration of a federal credit and high valuation metrics. Tesla faces sales declines in key markets, except China, amid competition and supply chain issues. Analysts hold a cautious outlook, with a Hold consensus and a $382.87 average price target, indicating a 21.7% downside. Despite challenges, Tesla shares have risen 21% this year.</p>

- UBS analyst Joseph Spak reiterated his "Sell" rating on Tesla (TSLA) and set a price target of $247, suggesting a potential downside of 49.5%.  
- Spak predicts a decline in Tesla's Q4 deliveries to 415,000 due to the expiration of federal tax credits, alongside reports of significant sales declines in key markets, particularly in Europe and the U.S.  
- Analysts express caution regarding Tesla's long-term outlook, reflected in a Hold consensus rating on TSLA with an average price target suggesting further downside potential.

'Sell' TSLA Stock (TSLA) Now? Analyst Predicts 50% Plunge in 2026