UBS sees declining interest in Tesla in U.S., China, Europe

UBS analyst Joseph Spak tells investors in a research note that the firm’s Global EV Adoption Outlook Consumer Survey suggests declining interest in Tesla (TSLA) in the U.S., China, and Europe. In the U.S., the firm notes a Tesla “saturation,” limited vehicle pickup, and affordability, while in China, the firm says Tesla is no longer seen as the technology leader. The firm maintains its Sell rating and $190 price target on Tesla shares, and says it remains cautious on the stock.