UBS predicts Tesla will need to spend $8 billion to expand its Supercharger network (TSLA)
USB auto analyst Colin Langan and his team aren't Tesla bulls — they have a "sell" rating and a $160 price target the company's stock, which was recently pushing toward $300 per share. However, it's currently trading at about $250 per share.
Langan doesn't think Tesla will be able to make money on the forthcoming $35,000 Model 3, even though the company already has 400,000 pre-orders for the vehicle.
But in a note published Friday, he focused on another long-term headwind: the
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