Barclays Says Tesla (TSLA) An "Execution Story", Data Will Emerge Soon

Analysts at Barclays said Tesla Motors (NASDAQ: TSLA) recent letter providing color on issues, including production delays, manufacturing trajectory, and expectations around cash generation, does not shift its near-term view on the stock

"Tesla remains an execution story and thus, the emergence of data points that verify management is executing to plan - rather than specifics around its goals - are likely the key drivers for share appreciation," said analysts.

"Given the compressed time frame between now and when those goals are expected to be met, we would expect additional data points to emerge in the very near future," he said.

Barclays has an Overweight rating on Tesla Motors and a price target of $38.00.

For an analyst ratings summary and ratings history on Tesla Motors click here. For more ratings news on Tesla Motors click here.

Shares of Tesla Motors closed at $29.30 yesterday.

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