Why Tesla (TSLA) Stock Is Down Today

NEW YORK (TheStreet) -- Tesla Motors (TSLA) was falling 5% to $246.26 Monday following a cautious note from JPMorgan.

The analyst firm reiterated its "neutral" rating for the electric vehicle maker in a note to investors. JPMorgan analysts raised their delivery estimates for Tesla, noting that the current share price is reflecting a higher rate of deliveries for the Model S and Model X EVs.

An annualized run-rate of 73,000 delivered in the fourth quarter of 2015 still falls "well-short" of the 100,000 deliveries the market is factoring into the share price, according to JPMorgan analysts.

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TheStreet Ratings team rates TESLA MOTORS INC as a Hold with a ratings score of C-. TheStreet Ratings Team has this to say about their recommendation:

"We rate TESLA MOTORS INC (TSLA) a HOLD. The primary factors that have impacted our rating are mixed some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, poor profit margins and generally higher debt management risk."

Highlights from the analysis by TheStreet Ratings Team goes as follows:

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