Tesla price target raised to $225 from $180 at Barclays

Barclays raised the firm’s price target on Tesla to $225 from $180 and keeps an Equal Weight rating on the shares ahead of the Q2 report. Not only have Tesla’s near-term fundamentals “been under question” amid demand pressures from an electric vehicle “winter,” but the company has faced uncertainty from an investment thesis pivot – a shift away from growth driven by vehicle manufacturing, and instead emphasizing growth from autonomous vehicle businesses, the analyst tells investors in a research note. The firm says that while it appreciates the “potentially disruptive opportunity from these businesses,” it believes they cast uncertainty on the path ahead for Tesla, making success of the stock dependent “on bets with seemingly binary outcomes.”