Tesla was pressured by many parties, Model 3 increased production and died

According to reports, for the delivery and production of Tesla Model 3, UBS said it will continue to bearish, and it is expected that Model 3 will encounter more problems in increasing production.

US financial media CNBC quoted a Wall Street company's research report that the increase in production of the new model of the US electric car manufacturer Tesla Model 3 is disappointing, which will be another worrying signal for the company.

UBS reiterated its “sell” rating on Tesla shares and expects the company to continue to have problems with the Model 3 model.

In the third quarter, Tesla delivered a total of 26,150 vehicles, of which only 220 were Model 3. The two expectations given by financial data provider FactSet are 25,860 and 1,260 respectively. Just two months before Tesla released the data, the company said it could produce 1,500 Model 3s in the quarter.

UBS analyst Colin Langan wrote in a research report on Monday: "The number of Model 3 deliveries is less than expected, not only affecting the credibility of the company's future set of Model 3 production targets, but also increasing its recent risk."

Langan pointed out: "When talking about Tesla Model 3 profitability, fixed energy storage and solar energy business, we believe that the market should not ignore the company's long-standing fundamental challenges, which ultimately requires raising funds."

Tesla's share price in the US stock market fell slightly in early trading on Monday. As of last Friday, Tesla shares have risen 50% this year, while the S&P 500 has risen 15% over the same period.

Langan reiterated that Tesla's target price for the next 12 months is $185. The target price was 42% lower than Tesla's close on Friday.

Due to the slowdown in the production of Model 3, Rankan lowered its expectations for Tesla's profits. Langan believes that Tesla's loss per share in 2016 was $6.40, which was previously expected to be a loss of $5.30 per share; and a loss of $3.30 per share in 2018, which was previously expected to be a loss of $1.60 per share.

Langan said: "Because of the limited profitability of Model 3, the need for infrastructure expansion and the laying of Model Y capacity, we believe that Tesla will eventually need to be externally financed. Since 2018 to 2020, high-end automakers continue to release competition. Sex products, Tesla's needs will continue to be under pressure."

Tesla has not commented on this report.