Tesla (TSLA) Stock Falling Today Following Lower Price Target

April 20, 2015 1:50 PM

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NEW YORK (TheStreet) -- Shares of Tesla Motors (TSLA - Get Report) are falling, down 0.43% to $205.90 in early market trading Monday, after analysts at JPMorgan Chase lowered their price target on shares of the electric car maker to $165 from $175 this morning.

The firm maintained its "underweight" rating. It said the new price target reflects adverse currency moves, higher operating costs and slower than earlier expected Model X ramp.

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