Tesla Motors Inc (TSLA) is trading lower after Timothy Seymour, a CNBC contributor and managing partner at Triogem Asset Management commented that the best days of the automaker are behind it.

The stock price of Tesla Motors was down 3.38% to $214.68 per share at the time of this writing, around 11:12 in the morning in New York.

Competition plays a big role on Tesla Motors’ downward trend

During a discussion on CNBC, Seymour emphasized that competition plays a big role in the downward trend of the shares of Tesla Motors. He said, “A stock that touch $286 on September 4th, got down to $195 during the lows and I think the stock probably goes to $180. I’m not saying that’s a place to buy, but I think it goes there.” He added, “If you look at this company, the things that bother me; I said it over and over—competition.”

Seymour believed that the upcoming BMW I3 will become the biggest competitor of Tesla Motors and it could disrupt its dominance in the electric car industry this 2015.

In addition, Seymour also suggested that the prospect of Tesla Motors in China is uncertain citing the fact that the head of its office in the country resigned. He thinks that the electric car manufacturer has “more problems than they’re letting on” in China.

Tesla Motors Inc TSLA

Furthermore, Seymour noted that Tesla Motors is not spending the way it used to, According to him, the company’s capex and cash flow of the company is a “big deal” and he believes that its production is tough going forward.

“There is no way this company’s best days are in front of it from a stock’s perspective, said Seymour.

Moreover, the emphasized that Tesla Motors is a phenomenal company because if the fact that the EV technology is something the entire auto industry wants to use—one reason investors buy the stock.

Tesla Motors working on a new charger

Seymour made its comments after Tesla Motors CEO Elon Musk tweeted,  “We are actually working on a charger that automatically moves out from the wall and connects like a solid metal snake…” Musk posted the tweet on December 31, 2014.

Tesla Motors also recently announced its plans to upgrade the Roadster, its first electric vehicle. The new Roadster 3.0 will have a driving range to around 400 miles per charge, up from 245 miles per charge. The electric vehicle will have a new lithium ion battery, new aero kit and new tires.