NEW YORK (TheStreet) -- Tesla Motors (TSLA) shares are down 1.1% to $201.71 in trading on Tuesday, recovering slightly after the electric vehicle maker dipped below $200 per share for the first time in seven months.
Tesla shares have declined over the last couple of trading sessions after the president of the company's Chines operations, Veronica Wu, resigned on Friday after just nine months on the job. Wu's departure follows that of Kingston Chang who left the company in March after taking the job a year earlier.
Despite its expansion troubles overseas and falling crude prices domestically that could hurt sales, Tesla shares are up more than 30% over the previous year. The stock reached a 52-week high of $291.42 in September.
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TheStreet Ratings team rates TESLA MOTORS INC as a Sell with a ratings score of D. TheStreet Ratings Team has this to say about their recommendation:
"We rate TESLA MOTORS INC (TSLA) a SELL. This is driven by some concerns, which we believe should have a greater impact than any strengths, and could make it more difficult for investors to achieve positive results compared to most of the stocks we cover. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, weak operating cash flow and generally high debt management risk."