Tesla shares edged higher in early Friday trading, but have lost nearly have of their value since mid-December, and a top Wall Street analyst suggests there could be more declines ahead tied to weakness in the group's core automaking business.

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J.P.Morgan cut its price target on Tesla's stock as the brokerage expects a second straight year of lower deliveries, with analysts also pointing to a change in sentiment toward the EV maker from existing customers and potential new buyers.

Tesla backlash continues as the stock nosedives and Musk pushes conspiracy theories about protests and arsons at dealerships.

Large swings in the Tesla stock price have made the headlines over the past few months. But our writer thinks it’s time to sit back and reflect. The post It’s time to get a sense of perspective about the recent Tesla stock price drop appeared first on The Motley Fool UK.