Tesla shares climbed 6% to $395 on Monday after Barclays upgraded the stock to 'overweight' from 'equal weight' and raised its 12-month price target to $450 from $370, implying about 21% upside from Friday's close. The upgrade highlights a possible combination with SpaceX (NASDAQ:SPCX), after both companies formed independent committees to explore a merger; Musk called it a good idea but said it is not guaranteed, as the committees have yet to agree on terms and shareholders must approve any deal. Barclays also expects Tesla's automotive business to return to growth, supported by demand for Full Self-Driving and higher exports from Shanghai, while energy storage demand from AI data centres could support shipment growth of over 50%. The bank also noted early signs of an inflection in Robotaxi. Meanwhile, Lucid Group fell 4% to $3.38 and Rivian Automotive slipped 2% to $11.64.
Summary written by Upside AI from the original article. Read the source for full details.
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Keywords
TSLASpaceXmergers and acquisitionselectric vehicles
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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 10/23/2026 | 372.21 |
| Change that session | -0.63% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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