Tesla price target doubled by UBS, which keeps neutral rating on the stock

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Tesla’s price target was more than doubled by UBS, to $325 from $160, with kept a neutral rating. Analyst Patrick Hummel said Tesla’s target was increased on expectations of raised volumes and margins and a higher AV/robotaxi opportunity value. Ahead of the Sept. 22 battery day, Hummel said he expects the “announcements to be significant, cementing Tesla’s cost and technology lead for several more years.” Tesla closed Thursday at $371.34.
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