Shares in Tesla have fallen drastically following suggestions that the company may take a long time to become profitable . “ Performance to - date and vision are impressive , but we do Jefferies analyst Philippe Houchois launched coverage of Tesla with an “underperform” rating, helping send shares of the company headed by entrepreneur billionaire Elon Musk down 2.17 percent to $376.74 after closing at a record high the day before. n’t think Tesla ’s vertically integrated business model can be scaled up as profitably and quickly as consensus thinks and valuation multiples imply ” , said Philippe Houchois , analyst at global investment bank Jefferies . The shares fell 2.17 % to $ 376.74 following the statement , after a record low at closing the previous day .
Shares in Tesla have fallen drastically following suggestions that the company may take a long time to become profitable . “ Performance to - date and vision are impressive , but we do n’t think Tesla ’s vertically integrated business model can be scaled up as profitably and quickly as consensus thinks and valuation multiples imply ” , said Philippe Houchois , analyst at global investment bank Jefferies . The shares fell 2.17 % to $ 376.74 following the statement , after a record low at closing the previous day .