A Wall Street bank eviscerates Tesla (TSLA)

Tesla's lackluster first quarter results have some folks on Wall Street doubling down on their bearish outlook for the firm.
In a scathing note sent out to clients on Thursday, a team of equity analysts at UBS maintained its "Sell" rating and $160 price target on the stock.
"We are lowering our 2017 estimate from -$2.90 to -$3.70 reflecting the Q1 miss and Q2 outlook (higher OpEx than forecast)," the team, led by Colin Lagan, wrote.
Currently, Tesla shares are trading at $296.64 per sh