UBS analyst Joseph Spak expects Tesla (TSLA) to report Q4 deliveries on January 2 and forecasts deliveries of 510,000, which would be up 5% year-over-year and 10% quarter-over-quarter. The expectation is 1% below the current consensus of estimate of 512,000, the analyst tells investors in a research note. However, given the artificial intelligence-driven narrative on the stock, UBS does not believe the delivery results will be as meaningful as in the past. Based on investor conversations, it believes the buy-side expectation range is 500,000-510,000. The firm keeps a Sell rating on Tesla shares with a $226 price target
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