Tesla stock predictions and ratings have turned more bearish recently. Today, J.P. Morgan analysts moved Tesla Motors Inc. (Nasdaq: TSLA) stock to "Underweight" from to the "Neutral" category.
Tesla stock is more volatile than most and has traded in about a $35 range in 2015, but is down 9% year to date. On the day (Thursday), TSLA shares had fallen 5.4% by 1:55 p.m. EDT to $201.20 a share.
The culprit is clear for today's price slump: weak Tesla earnings. The electric automaker yesterday revealed that it delivered fewer cars than its own guidance. This caused revenue to fall below analysts' expectations of $1.22 billion. Tesla earnings showed $1.1 billion in revenue and a loss-per-share of $0.13.
So what does this mean for Tesla stock in 2015?
Money Morning Technical Trading Strategist D.R. Barton is similarly bearish on Tesla stock. Barton loves Tesla CEO Elon Musk. He loves the electric cars. But he doesn't love the "headwinds in their production side of the business."
Barton shared the risks he sees in buying Tesla stock today in an appearance on FOX Business' "Varney & Co." Take a look: