Tesla has 37 percent downside, Jefferies sees losses until 2020

Tesla's production does not meet Wall Street's expectations, Jefferies analyst Philippe Houchois tells Bloomberg News. Read here for insight into the analyst's view on the Tesla share.

Photo: Tesla

Tesla drops 1.4% pre-market after Jefferies analyst Philippe Houchois starts coverage with an underperform rating and USD 240
PT, implying 37% downside to Monday's close.

Jefferies expects TSLA to post losses until 2020, with an estimate for 2019 loss per share of USD 3.26, while consensus expects Tesla to turn profitable in 2019.

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