Tesla (TSLA) has received a positive news from UBS, one of the largest Wall Street firms in the world, moving its stock rating from Sell to Hold. This comes as the Middle East is experiencing significant turmoil, with Iran and the US competing for the opening of the Strait of Hormuz. The move comes as Tesla is already dealing with slow inventory turnover, rising costs, softer demand, and high capex for robotaxis and humanoid robots. The company is also dealing with rising fuel costs in 2026, driven by global instability, and data shows a 12% jump in used-EV sales due to the crisis. Despite these challenges, UBS still believes Tesla is worth $1.6 trillion on a fully diluted basis.