Barclays upgraded Tesla from Equalweight to Overweight and raised its price target to $450 from $370, and the shares rose 2.0% in pre-open trading. The bank cited three factors: the expected combination with SpaceX, an improving core auto business, and early signs that Robotaxi is gaining traction. Mizuho also raised its price target to $460 and kept an Outperform rating. Tesla said auto margins excluding credits rose from 16.3% to 18.1%, cumulative unsupervised Robotaxi miles grew 8x in the quarter, and it expects about $20 billion in capital expenditures this year. Elon Musk said the special committees at both companies have not agreed on merger terms, and a deal would need approval from 50% of all Tesla shares, which he called a high hurdle.
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TSLAmergers and acquisitionsSpaceXelectric vehiclesElon Musk
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Related tickers and likely impact
TSLA
▲ Likely positiveTesla, Inc.
Relevance: high
| Market | US stocks |
|---|---|
| Sector | Consumer Discretionary |
| Industry | Automobile Manufacturers |
| Market cap | $1.5T |
| Close on 10/26/2026 | 391.69 |
| Change that session | +5.23% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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