Tesla shares suffer their worst losing streak in months

Shares of Tesla Inc. notched their longest losing streak in more than two months, down for a fourth straight session and ending the week off 7.6%.

The stock was the second-worst performer on the Nasdaq-100 NDX, -0.04% on Friday, suffering its lowest close in two weeks. Over the four-day losing stretch, shares fell more than 7%, tipping the stock to monthly losses of more than 1%.

Tesla TSLA, -4.20% shares on Monday closed at a record $385, supplanting a previous all-time close of $383.45 in June.

On Tuesday, analysts at Jefferies started their coverage on the stock, siding with the bears: They rated the shares their equivalent of sell and forecast the company to lose money at least until 2020, one year past what other analysts have predicted for Tesla.

>>> Original Source <<<