Jim Cramer says Tesla will have a ‘substantial rally' if it can prove Wall Street wrong

edged lower Friday after Barclays forecasted the mega-cap name would miss on delivery results.

Wall Street analysts expect Tesla to report third-quarter deliveries of 455,000 units, missing the consensus forecast of 463,000 units. Barclays maintained an equal weight rating on Tesla with a price target of $260 apiece — less than 2% upside from its Thursday's trading level.email newsletter for freeCNBC's Jim Cramer said Friday on"Squawk on the Street" that if Tesla can outperform the downbeat Barclays outlook then shares will likely go higher.

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