Tesla’s (TSLA) Q3 deliveries of 497K were well above expectations, UBS tells investors in a research note. Results in the U.S. were likely aided by pulled forward demand given the expiry of the $7.5K U.S. consumer EV tax credit, while deliveries were also likely stronger in China and Europe quarter over quarter, the firm says. The firm, which has a Sell rating and $215 price target wonders whether there could be some “sell the news” action, as it is likely that Q3 deliveries could be a local peak.
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