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Tesla Rallies Into Earnings After AI Chip Milestone and UBS Upgrade

The rebound refocuses attention on the April 22 report for clear guidance on self‑driving progress, spending needs, and near‑term auto demand.

Overview

  • Tesla shares ended an eight‑week slide Friday, rising about 11% over five sessions to trade near $400 ahead of next week’s results.
  • Elon Musk said Wednesday, April 15, that Tesla finished tape‑out of its AI5 self‑driving chip, a step that locks the design before foundry production.
  • UBS lifted its rating to Neutral this week, while the broader analyst view sits at a Hold with average price targets clustered around $398 to $401.
  • First‑quarter deliveries totaled 358,023 vehicles versus roughly 370,000 expected, and the April 22 release is set to update robotaxi and Full Self‑Driving plans as well as capital spending.
  • Tesla is contending with more than 20 active lawsuits tied to Autopilot, securities, and discrimination, with one analysis estimating worst‑case exposure near $14.5 billion.