UBS expects Tesla’s stock price to decline by about 35% to $226, compared to more than $350 currently.
Bank analysts expressed doubts about the recent rise in Tesla’s share price, as the company’s shares, which specialize in manufacturing electric cars, have risen by about 40% since Donald Trump won the elections at the beginning of this month.
This optimism is not based on the fundamentals of Tesla’s business, which appear to be on a slower growth path than the current stock price suggests, according to UBS analysts.
