After Tesla (NASDAQ:TSLA) released its second-quarter results, which disappointed Wall Street, Swiss bank UBS reiterated its “sell” rating and $197 price target on Tesla stock. UBS’ price target is about 10% below the stock’s current level.TSLA stock is down about 11% this morning. Why UBS Is So Bearish on Tesla StockAccording to UBS analyst Joseph Spak, Tesla’s valuation is very high because investors believe that its initiatives in autonomy and artificial intelligence (AI) will bear great fruit in the fut ...