US President Donald Trump announced his intention to purchase a new Tesla, following a significant drop in the electric car company’s stock. Tesla shares plummeted more than 15%, attributed to concerns over production targets and declining sales.

One reason Tesla investors should sell into the stock’s recent bounce is because of all the “political noise” surrounding Chief Executive Elon Musk, one analyst says.

Another analyst cut a target price for Tesla stock because car business fundamentals are “spoiling razzle-dazzle momentum.” The price target cuts are piling up. On Friday, Wells Fargo analyst Colin Langan cut his Tesla price target to $130 from $135.

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.