Anxiety is rising as Tesla gets closer to announcing its latest Model 3 production numbers, Moody's analyst Bruce Clark told CNBC on Wednesday.
"This is clearly a very critical time and we're getting close to that point where they're going to have to make this announcement. As you get closer to these inflection points, the volatility, the anxiety obviously could go up," he said in an interview with "Power Lunch."
Moody's downgraded Tesla's credit ratings late Tuesday and changed its outlook to negative from stable, citing "significant shortfall" in the Model 3 production rate and a tight financial situation.
The credit ratings agency also said the electric-car maker will likely need to raise more money in the near future to meet its cash needs and maintain its expected pace of expansion.