Barclays Cuts Price Target On Tesla To $200 From $220

Analysts at Barclays on Friday cut their price target on Tesla Motors Inc. stock to $200, from $220, saying that it better reflects the long road that Tesla will have to travel before it becomes a mass-market car maker. The analysts also reduced their estimates on Tesla's 2020 deliveries to 370,000 cars, from a previous 426,000 and the company's own guidance of 500,000. The analysts kept an overweight rating on the stock and said they expect a "headline 4Q beat" when Tesla reports earnings on Wednesday.

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