UBS says 'no rival to get even close to Tesla in 2022,' hikes price target

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Hannah Miao@hannahmiao_
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The logo marks the showroom and service center for the US automotive and energy company Tesla in Amsterdam on October 23, 2019.
John Thys | AFP | Getty Images

UBS hiked its price target on Tesla, saying the automaker should continue to dominate in the electric vehicle space through next year.