Market News

Tesla (NASDAQ:TSLA) Improves Vehicle Delivery Period in China

EV producer Tesla (NASDAQ:TSLA) has decreased the waiting period for its Model 3 and Model Y vehicles in China, noted the company’s Chinese website.

While customers of the long-range Model Y will have to wait for 10-14 weeks, the majority of the Model 3 and Model Y vehicles will be delivered in 6-10 weeks.

The company’s Shanghai unit produces only Model 3 and Model Y at present and is Tesla’s biggest factory worldwide.

Is Tesla Stock a Buy Right Now?

Today, UBS analyst Patrick Hummel has reiterated a Buy rating on Tesla alongside a price target of $367.

The Street though is cautiously optimistic about the stock with a Moderate Buy consensus rating. The average analyst price target of $308.98 indicates a 10.28% potential upside in the stock.

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