UBS today lowered its price target on Tesla (TSLA) to $190 from $225 while reiterating a Sell rating on the shares. The Swiss bank also downgraded GM (GM) to Neutral from Buy. Why UBS Has Become More Bearish on TSLA Although many institutions have lowered their estimates for Tesla this year,

Tesla stock soared more than 22% in Wednesday's stock market trade. However, early Thursday analysts cut stock target prices.