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Tesla’s near-term outlook ‘challenged,’ says UBS

The near-term fundamental outlook for Tesla (TSLA) remains challenged, UBS tells investors in a research note. The firm, which has a Sell rating and $215 price target on the shares, says the company is facing the end of the $7.5k consumer EV credit in the U.S., which will likely be a drag on demand, the brand continues to have challenges in Europe and China remains competitive.

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