Tesla Shares Jump 3.05% After UBS Price Target Raise, Reports 480,126 Q2 Deliveries
TSLA•UBS lifted its Tesla price target, sending shares up 3.05% on AI prospects, and Citizens warned that near-term optimism may be overextended. Tesla delivered 480,126 vehicles in Q2, with analysts forecasting $28.28B revenue and $0.51 EPS, near the high end of consensus.
1. UBS Lifts Price Target, Shares Surge
UBS raised its price target, sending Tesla shares up 3.05% as the firm cited AI integration opportunities in its valuation update.
2. Record Q2 Deliveries Fuel Forecasts
Tesla delivered 480,126 vehicles in Q2, marking a quarterly record and underpinning analyst projections of $28.28B in revenue and $0.51 EPS near the upper consensus range.
3. Analysts Flag Valuation Caution
Citizens Financial warned that near-term market optimism may be overextended, suggesting that current valuations presume overly aggressive growth that could disappoint.
