TSLA: UBS cuts target price to 225 from 259 "We’re cutting our 1Q25 delivery forecast to 367k from 437k, set after 4Q24 results. The current pace seems slower, but we expect a late-quarter boost, possibly from promotions. Our new forecast puts 1Q25 deliveries at -5% year-over-year and -26% quarter-over-quarter, 13% below Visible Alpha consensus. UBS Evidence Lab data shows short delivery times for Model 3 and Y (usually 2 weeks) in key markets, suggesting softer demand."