Barclays Downgrades Tesla Motors (TSLA) to Underweight
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Rating Summary:
24 Buy, 26 Hold, 13 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 20 | Down: 14 | New: 22
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Barclays downgraded Tesla Motors (NASDAQ: TSLA) from Equalweight to Underweight and lowers its price target from $190 down to $180.
Barclays sees negative data points for Tesla in the coming months pressuring shares. The firm noted that a slow Model X ramp reinforces the view that Tesla will miss its 2015 delivery forecast.
Barclays also questions whether the Model 3 will debut in time, which may lead to doubts that Tesla will be able to become a mass-market OEM.
NOTE: Barclays downgraded Tesla from Overweight to Equlweight on August 8th.
For an analyst ratings summary and ratings history on Tesla Motors click here. For more ratings news on Tesla Motors click here.
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