Barclays Maintains an 'Overweight' on Tesla Motors (TSLA); Encouraged By Overall Progress

Barclays maintains an 'Overweight' on Tesla Motors (NASDAQ: TSLA) price target of $38.00.

Analyst, Amir Rozwadowski, said, "Overall, we consider yesterday's official release of Tesla's test drive schedule for its Model S sedan as an incremental data point illustrating the company's ongoing progress in meeting its launch plans. While we recognize that going forward, crisp execution will be required given the company's high dependency on a successful launch of the Model S, we have thus far been encouraged by Tesla's overall progress to date, including an earlier-than-expected delivery of the vehicle, internal safety testing, and EPA certification."

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 $27.91 yesterday.

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