While still a bear on the stock, Barclays analyst Brian Johnson is telling clients Tesla's (NASDAQ: TSLA) stock could rebound near term on a short squeeze.

"... near-term we see the opportunity for the stock to rebound - given highly elevated short interest the stock could see a short
squeeze on the print, and the Model 3 unveil in late March may reinvigorate interest in Tesla."

The analyst is still overall negative, saying a slow Model X ramp risk fundamentals. The firm reiterated an Underweight and cut its price target of $165.

Telsa reports results after the close Wednesday.

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 $147.99 yesterday.