If the Securities and Exchange Commission succeeds in its lawsuit against Tesla CEO Elon Musk, the premium shareholders have been willing to pay for “future founder-driven business optionality” is likely to dissipate, Barclays analyst Brian Johnson tells investors in a research note titled “Lawsuit Secured.” The analyst reiterates an Underweight rating on the shares with a $210 price target. The stock in premarket trading is down 13%, or $40.02, to $267.50. Tesla shares have about $130 of a Musk premium for future success that might dissipate, Johnson contends. He believes that should the SEC be successful in barring Musk from serving as an officer or director, investors would focus back on the value of Tesla “as a niche automaker, rather than a founder-led likely disrupter of multiple industries.”