Barclays analyst lifts price target on Tesla to $300, or 63% below closing price

1 week ago 7

Barclays reiterated an underweight telephone connected Tesla TSLA, +0.67% arsenic it hiked the electrical conveyance maker's terms people to $300 from $230. "Despite our skepticism astir Tesla's sky-high marketplace headdress of ~$800bn, we are constructive connected the banal going into the 3Q EPS merchandise owed to the operation of the transportation bushed driving operating leverage and beardown pricing. In short, Tesla was capable to proceed a steadfast gait of accumulation and deliveries contempt the spot pressures astir different large OEMs felt," said analysts led by Brian Johnson. Tesla closed Wednesday astatine $811.08, up 15% this year.

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