Tesla Could Lose a Quarter of its Value
Wall Street firm Jefferies believes the company's financial performance will be weak in the next few years
Wall Street firm Jefferies believes that Tesla could lose a quarter of its value, as they predict the company's financial performance will be weak in the next few years, according to CNBC.
Philippe Houchois, an analyst, set a 12 month price target for Tesla's shares at $280. If Tesla's shares fell to $280, that would represent a decrease in their value of 27%. The analyst predicted that the company will continue to lose money on an annual basis through 2019.
"It is with a bit of a heavy heart that we initiate coverage of Tesla at underperform," said analyst Philippe Houchois
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