Analysts reiterate sell ratings on Tesla

UBS and Redburn Atlantic have reaffirmed their sell ratings on Tesla, citing weak delivery forecasts for the Model Y and a lack of growth catalysts. UBS lowered its price target to $225, while Redburn set a more pessimistic target of $160. Tesla shares fell nearly 9% on Monday, marking a 40% decline this year. Analysts express concerns over competition, declining sales in the U.S. and Europe, and potential tariffs on imports from Mexico. The stock is facing its longest losing streak in 15 years, with several firms recently reducing their price targets. Analysts note that while Tesla's long-term vision includes AI developments, these opportunities are seen as distant and may not justify the current stock valuation.