Tesla shares rose 9.5% over the past two trading sessions after Barclays upgraded the stock to Overweight and raised its price target to $450 from $370, citing a possible merger with SpaceX (SPCX), and Latvia authorized FSD, making it the 10th EU country to do so. Tesla delivered 486,532 vehicles in the latest quarter, and active paid FSD customers rose 67% to 1.74 million. Automotive gross margin improved to 18.5% from 17%, and free cash flow turned positive at $1.53 billion from negative $1.09 billion in Q2 2026. Management trimmed 2026 capex guidance to $20 billion from $25 billion, but the article notes that operating expenses remain high and operating profits are expected to decline year over year in the coming quarters.
Summary written by Upside AI from the original article. Read the source for full details.
Read the original on Yahoo Finance ↗
Keywords
TSLAelectric vehiclesSpaceXmergers and acquisitions
Open a keyword to see other news on the same topic.
Related tickers and likely impact
TSLA
▲ Likely positiveTesla, Inc.
Relevance: low
| Market | US stocks |
|---|---|
| Sector | Consumer Discretionary |
| Industry | Automobile Manufacturers |
| Market cap | $1.5T |
| Close on 10/27/2026 | 407.46 |
| Change that session | +4.04% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
Related news
- TSLA leads the Magnificent 7 in October, but 2 motorcycle stocks outpace Tesla while Chinese EV stocks decline
HOG and LiveWire (LVWR) have outpaced Tesla (TSLA) in October's auto-stock rally, with LVWR up about 22%, HOG up 21% and TSLA up 15%. Tesla has been helped by Q3 deliveries of 486,532 vehicles, above the 463,761 expected, adjusted EPS of $0.48 versus a $0.45 estimate, and a cut to its annual spending outlook to $20 billion from more than $25 billion, though revenue missed expectations. Tesla and SpaceX have each formed independent committees to explore a combination, but no terms have been agreed. For Harley, North American retail sales rose 3% in Q2 and the company targets more than $150 million in cost reductions; Citi upgraded the stock to 'Buy' from 'Neutral' with a $33 target, while tariffs remain a complication after Canada reportedly imposed a 50% import duty in September. LiveWire, down nearly 60% this year, is exploring strategic options after its CEO resigned.
- Barclays Upgrades Tesla Stock Citing SpaceX Merger Potential And Robotaxi Growth
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.
- Why Did Tesla Stock Jump?
Tesla (TSLA) shares rose 5.2% on Monday, October 26, 2026, outpacing a 0.7% gain in the S&P 500. Several reports linked the move to a Barclays upgrade to Overweight from Equal Weight, with its price target raised to $450 from $370 and citing a potential merger with SpaceX, while another pointed to Latvia authorizing Tesla's FSD software, the tenth EU country to approve it. Management calls FSD the main reason people buy its cars, and Tesla had over 1.7 million paid FSD customers worldwide, with demand running far ahead of production. The stock closed at $391.62, 20% below its $489.88 high on December 16, 2025, but gained 27.4% over the three months to October 26, compared with 3.6% for the S&P 500.
- Why Tesla (TSLA) stock is trading up today
Tesla shares rose 6.1% in the afternoon session after Barclays upgraded the stock to Overweight from Equal Weight and raised its price target to $450 from $370. Analyst Dan Levy expects automotive deliveries to return to growth this year after two years of declines, supported by Full Self-Driving adoption and Shanghai exports, and said energy storage is nearly sold out for 2027 due to data-center demand. The research also noted that exploratory committees at Tesla and SpaceX could add a transaction premium to the shares. Tesla is down 9.5% year-to-date and trades 19.1% below its 52-week high of $489.88.
- Kevin O'Leary Says Tesla-SpaceX Merger Is Inevitable After Flying Roadster Demo — 'If You Own Tesla, You're Gonna Own New Company'
Kevin O'Leary said in a video posted on X on Oct. 17 that Tesla will merge with SpaceX and that Tesla shareholders would end up owning the new company. His comments followed Tesla's Oct. 15 demonstration of its second-generation Roadster at SpaceX's Texas facility, where an uncrewed prototype drove up a ramp upside down, performed midair flips and landed using SpaceX-derived cold-gas thrusters. Tesla claimed a 0-to-60 mph time of 0.81 second, with production targeted for 2028. The article points to existing ties between the companies, including the proposed Terafab semiconductor project, SpaceX's purchases of Tesla Megapacks, Tesla's holding of SpaceX shares, and Grok's integration into Tesla vehicles after SpaceX's combination with xAI. Dan Ives puts the odds of a merger by the end of 2027 at 80%, while Barclays analysts say an announcement could come before Tesla's next annual shareholder meeting. Any deal would need shareholder approval and would raise questions about valuation, shareholder compensation and which company would acquire the other.
- Tesla stock leaves rest of the Magnificent 7 in the dust, surging to October’s top spot
Tesla (TSLA) shares rose about 6% on Monday, their best day since early July and highest close in about 3 months. The stock is up double digits in October, the best in the Magnificent 7, though it is still down double digits for 2026. It broke above $386, which is both its highest October close and roughly its 200-day moving average, as Barclays raised its price target to $450 from $370 on the view that a merger with SpaceX (SPCX) could give shareholders a takeout premium. No deal has been announced, though Musk confirmed the two companies formed independent committees to explore a combination. The article says holding $386 keeps the rally on course, while a drop below it would turn Monday's gain into a one-day pop, with the next level to watch in the low $450s.
Related markets
Latest news
- Apple brings touch to the Mac, reversing years-old stance on touchscreen laptop
Apple has launched its first laptop with a touchscreen, the MacBook Pro with PROLED XDR Display, which uses OLED technology. It runs M5 Pro or M5 Max chips, is lighter than Apple's current pro laptops, and runs macOS. The 14-inch version starts at $2,899 and the 16-inch version costs at least $3,399, both notable price increases, with sales beginning November 6. This is Apple's third major product launch under CEO John Ternus, in a laptop market suffering one of its worst slumps, which analysts link to AI-driven memory shortages that have raised prices. IDC reported that total PC shipments fell 20% year over year in the third quarter, while Apple's shipments dropped 11%.
- MacBook Pro: Apple launches its first ever touchscreen Mac – and brings back iconic feature
Apple has launched a new MacBook Pro, its first Mac with a touchscreen, which also brings back the glowing Apple logo on the back. The laptop uses the PROLED XDR display, Apple's OLED branding, and is lighter than the previous version, which weighed about 3.5 pounds. To support touch, Apple redesigned macOS so content is easier to manipulate and strengthened the hinge so the screen stays steady when touched. The 14-inch version starts at $2,899 and the 16-inch at $3,399, compared with $1,999 for the non-touchscreen model, which has a less powerful chip. Apple executives, including new CEO John Ternus, had previously dismissed touchscreen Macs mainly over ergonomic concerns about reaching across the keyboard.
- Why F5 Stock Is Getting Crushed Today
F5 (FFIV) shares fell more than 19% intraday even though fiscal fourth-quarter revenue rose 13% year over year to $917 million and adjusted EPS of $4.42 beat estimates. Investors reacted to guidance suggesting slower growth and shrinking gross margins, and Piper Sandler downgraded the stock from overweight to neutral. The article argues the sell-off may be overdone, since shares were up nearly 80% year to date as of the previous close and were vulnerable to profit-taking. Evercore ISI, Barclays and Morgan Stanley raised their price targets after the report, and the analyst consensus target stood at $457.44 versus a price near $370.
- Apple unveils groundbreaking MacBook Pro with PROLED XDR Display and Touch for the first time on Mac
Apple has introduced the MacBook Pro with PROLED XDR Display, using tandem OLED technology, and it is the first Mac with Touch, in thinner and lighter designs. The display offers up to 2,000 nits peak HDR and SDR brightness, a 10,000,000:1 contrast ratio, a 120Hz refresh rate, and P3 and Adobe RGB color coverage. Powered by M5 Pro or M5 Max chips with up to 128 GB of unified memory and up to 16 TB of storage, the laptop offers up to 24 hours of battery life and brings the Dynamic Island to Mac. It comes in 14- and 16-inch models, with pre-orders starting October 28 and availability beginning November 6.
- Strategy Shareholders Approve Daily Dividends on Preferred Stock, With 99.3% in Favor
Strategy shareholders approved an amendment letting its four preferred stocks, STRF, STRC, STRK and STRD, accrue dividends every calendar day, including weekends and holidays, with 99.3% of votes cast in favor according to preliminary results. STRC will move first, with its first daily record date on November 1 and payment on November 2, while the other three switch over with a first record date on January 1 and payment on January 4, subject to filing amended terms for each stock. Record dates falling on non-trading days will be treated as the previous business day, so dividends are effectively grouped and paid on the next business day; for STRC, record dates rise from 24 a year to 365. STRC traded at $99.86 against its $100 par value, and last week Strategy paused Bitcoin purchases for the first time since mid-September to spend $204.9 million buying back STRC. Separately, Strategy faces possible removal from MSCI's widely tracked equity indexes, after MSCI finalized a rule treating companies whose balance sheets are dominated by a single asset as ineligible and will publish affected companies on November 11.
- Finance Minister: “Can Vietnam grow without FDI? The answer is simple: No way!”
At the Group 5 session on the draft amended Investment Law on 24/10, Finance Minister Ngô Văn Tuấn said Vietnam cannot reach double-digit growth without FDI. FDI disbursement reached about USD 21 billion in the first nine months of 2026, and the full-year target is at least USD 30 billion. Reaching double-digit growth would require total social investment of about 40% of GDP and an ICOR falling from 6.4 to 4.5–4.8, with 2026–2030 capital needs expected to be 2.67 times those of 2021–2025. He said incentives should shift toward high technology, R&D, and linkages between FDI firms and domestic businesses, as the global minimum tax reduces the effect of traditional tax incentives. As of August 2026, about 47,796 FDI projects were operating, with registered capital of roughly USD 561.6 billion.
Get the briefing on Telegram or Zalo
Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.