Barclays Maintains an 'Overweight' on Tesla Motors (TSLA); Start of a Virtuous Cycle as Model S Rolls

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

Analyst, Amir Rozwadowski, said, "...investors are likely to be focused primarily on 1) initial test drive feedback and 2) the pace of progress at Tesla's Fremont facility. While we have been broadly encouraged by the company's execution to date, we recognize that the stakes are high..."

"We continue to view the shares favorably ahead of what we consider is a multi-year product cycle and thus expect an improved cadence of news flow emerging in the coming weeks to serve as a positive catalyst for the company."

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 $29.91 yesterday.

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