Barclays preaches prudence on Tesla Motors

|About: Tesla Motors (TSLA)|By:, SA News Editor

Barclays maintains a cautious approach to Tesla Motors (TSLA -3.2%) after meeting with management, reiterating its Equal-weight rating on the EV automaker.

The investment firm thinks the path to margin expansion will be slow and notes Tesla already has the benefit of the doubt on many valuation fronts.

It also goes with a more conservative estimate of the grid storage opportunity Tesla sits on, seeing a 20%-25% boost to valuation instead of a clean double.