TSLA - UBS SEES TESLA Q3 DELIVERIES ABOVE CONSENSUS UBS raised its Tesla Q3 delivery forecast to 475,000 units, about 8% above Wall Street consensus and up 24% QoQ. The increase reflects strong U.S. demand ahead of the IRA tax credit phase-out, record U.S. deliveries since mid-2023, and solid growth in Europe, China, Turkey, and South Korea. UBS expects deliveries to exceed production by ~7%, reducing Q2 inventory, but forecasts a sequential drop to 428,000 units in Q4. Full-year 2025 forecast remains 1.62M vehicles.(*Walter Bloomberg)