Tesla ends 11 consecutive gains, UBS continues to pour cold water: it rose too much before

Tesla's stock price ended its 11-day consecutive rise. UBS downgraded Tesla's rating from "Neutral" to "Sell" and raised the target price to $197. UBS believes that Tesla's stock has risen too quickly and is overly optimistic about its artificial intelligence plans. Tesla's electric vehicle sales and profits have declined, and investors are not optimistic about its prospects. The rise in Tesla's stock price is attributed to revenue growth, but the delay in the autonomous driving robotaxi plan has shocked investors. Tesla has become one of the most expensive stocks in the S&P 500 index. UBS analysts believe that further evidence is needed to justify a buy rating