Tesla shares rose 4%, adding to a Monday rally after Barclays upgraded the stock to Overweight and raised its target to $450 from $370, a view that rests on an anticipated SpaceX merger with no terms set yet. ARK Invest reaffirmed its $4,400 base-case 2031 target, tying about 80% of Tesla's 2031 enterprise value to robotaxis and assuming 8.1 million robotaxis generating $753 billion of net ride-hail revenue that year. The consensus target is $411, up from $386 a year ago, with the highest at $600, while Tesla trades at 183x forward earnings versus a five-year average of 108x. Consensus expects normalized EPS to rise from $1.66 in 2025 to $3.20 in 2028, below the $4.07 earned in 2022, and free cash flow to remain negative through 2028. Tesla said its Texas Cybercab factory can build robotaxis faster than they can be deployed, citing six robotaxi cities on its third-quarter call, with a Dallas Cybercab launch set for November and robotaxi revenue expected to become noticeable by Q2 2027.
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TSLAElon Muskelectric vehiclesmergers and acquisitions
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Related tickers and likely impact
TSLA
▲ Likely positiveTesla, Inc.
Relevance: medium
| 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.
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