Tesla Motors (TSLA) PT Maintained at $210 at Barclays; 'Cracks in Credibility Should Limit Upside'

August 27, 2018 6:00 AM EDT
Get Alerts TSLA Hot Sheet
Price: $589.72 +3.15%

Rating Summary:
    21 Buy, 21 Hold, 11 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 30 | Down: 4 | New: 24
Trade Now! 
Join SI Premium – FREE

Get instant alerts when news breaks on your stocks. Claim your 1-week free trial to StreetInsider Premium here.

Barclays analyst Brian Johnson maintained the price target on Tesla Motors (NASDAQ: TSLA) at $210.00 while maintaining a Underweight rating, following the company's announcement that it will remain a public company moving forward.

Analyst Johnson reflects on the August 7th tweets from CEO Elon Musk that indicated TSLA was considering offers to go private and while the company eventually decided against it, the whole episode created additional risks for TSLA and its shareholders, suggesting there should credibility concerns moving forward that may limit upside.

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In

Related Categories

Analyst Comments, Analyst EPS View

Related Entities

Barclays, Tesla