Tesla is getting crushed — again

( Bill Pugliano / Getty)
Tesla CEO Elon Musk.

Tesla shares are down 9%, to $160, as we head into the end of the trading session on Friday.

That's the lowest point the stock has hit in a year.

The electric-car maker reports fourth-quarter and full-year 2015 earnings next week.

Ahead of that, several analysts have reduced their target prices on the stock, including Morgan Stanley's Adam Jonas, who dropped his price target from a bullish $450 to a still fairly bullish $333.

Tesla shares have been sliding since the beginning of the year, after closing out 2015 at $240, a plunge that might be chalked up to skepticism among investors that Tesla will be able to rapidly ramp up production and deliveries of its new Model X SUV.

Jonas also expressed doubt that Tesla's next vehicle, the Model 3 mass-market sedan — expected price: $35,000 — will make it to market on schedule in 2017. He thinks that it won't hit the streets until late 2018.