Tesla price target raised to $259 from $226 at UBS

UBS raised the firm’s price target on Tesla (TSLA) to $259 from $226 and keeps a Sell rating on the shares. Tesla is more than an auto company, and UBS says the market doesn’t treat Tesla like an auto company, but rather as an AI company, which was reinforced by the Q4 results and after-market stock reaction, the analyst tells investors in a research note. The firm says the stock “continues to confound us,” and notes that guidance for 2025 was “vague,” with 2025 vehicle units to “return to growth” vs. +20-30% indicated prior.