NEW YORK (TheStreet) -- Shares of Tesla Motors 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. JPMorgan analysts also slashed their first quarter earnings estimate to a loss of 38 cents per share from a loss of 31 cents per share, despite the increase in first quarter deliveries that were pre-announced by Tesla. Palo Alto, CA-based Tesla designs, develops, manufactures and sells electric vehicles and advanced electric vehicle powertrain components. Tesla owns its sales and service network. Insight from TheStreet's Research Team: Robert Lang commented on Tesla in a recent post on RealMoneyPro.com. Here is what Lang had to say about the stock: One of wildest and craziest names to play is Tesla (TSLA). Often heavily shorted, there are moments in time -- when the bear bus is too full -- that we have this potential. The chart and technicals also provide some nice reference points to where the stock will jump and, let me tell you, this one can really move. This stock moves beautifully in both directions, a momentum trader's delight. Monday saw a huge move on some robust turnover, which also gave us a MACD buy signal. But one day does not make a trend and we would need to see some continuation. I had been looking at the $204 area as some heavy resistance and, while trade-worthy lately, we can clearly see the pattern of lower highs and lower lows as it grinds lower. Monday negated that pattern and closed above the downtrend line, but, again, one day at a time. With continued positive price action, I see this getting at least up to test the 200-day moving average, currently at $228.28, which represents about 12% upside. But, I'll wait for confirmation first, which is a couple of closes over $204. Ultimately, we could see this move toward the old highs. But the $220-$225 area is going to be a challenge. - Bob Lang, 'Tesla in for Whiplash?' originally published 4/7/2015 on RealMoneyPro.com. Want more information like this from Bob Lang BEFORE your stock moves? Learn more about RealMoney.com now. Must Read: Warren Buffett's Top 25 Stocks for 2015
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