Larry Ramer
Thu, Apr 10, 2025, 7:25 AM 2 min read
In This Article:
UBS contiguous lowered its terms people connected Tesla (TSLA) to $190 from $225 portion reiterating a Sell standing connected the shares.
The Swiss slope besides downgraded GM (GM) to Neutral from Buy.
Why UBS Has Become More Bearish connected TSLA
Although galore institutions person lowered their estimates for Tesla this year, the estimates whitethorn beryllium chopped further aft Elon Musk's automaker reports its first-quarter results, UBS warned. The company's vigor concern could beryllium negatively impacted by the precocious tariffs that the U.S. has imposed connected China, UBS believes.
Why UBS Downgraded GM
Based connected the existent level of tariffs, they whitethorn outgo the automaker $5 cardinal annually, UBS estimated. Additionally, the duties volition person a antagonistic interaction connected request for the firm's vehicles, the slope indicated.
The Swiss slope slashed its terms people connected GM to $51 from $64.
The Recent Price Action of TSLA Stock and GM Stock
In the past month, TSLA has gained 6.3%, portion it has dropped 35% successful the past 3 months.
Meanwhile, GM has fallen 8% successful the past period and has fixed backmost 15% successful the past 3 months.
While we admit the imaginable of TSLA, our condemnation lies successful the content that AI stocks clasp greater committedness for delivering higher returns, and doing truthful wrong a shorter timeframe. There is an AI banal that went up since the opening of 2025, portion fashionable AI stocks mislaid astir 25%. If you are looking for an AI banal that is much promising than TSLA but that trades astatine little than 5 times its earnings, cheque retired our study astir this cheapest AI stock.
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Disclosure: None. This nonfiction is primitively published astatine Insider Monkey.