Tesla Is Down Another 4% After Analyst Downgrade
The stock is falling as Barclays' analyst Brian Johnson lowered his price target on the stock to $120 from $141.
Tesla's stock has been taking a beating after there were three fires on its Model S sedan since October.
Traders also punished Tesla after the company missed analyst expectations on vehicle deliveries of the Model S in its Q3 earnings report.
CEO Elon Musk has repeatedly defended Tesla's record saying the fires were not spontaneous but took place after collisions with foreign objects.
The National Highway Traffic Administration has opened a probe in Tesla's battery fires.
The stock is well off its September 30 closing high of $193.37.
Here's a look at how the stock has been over the last 5 days.
