Barclays upgraded Tesla to Overweight from Equal Weight and raised its price target to $450 from $370, and the stock rose 6% on Monday. The bank believes a possible Tesla merger with SpaceX could bring a takeout premium, after Elon Musk said both companies had formed special committees to discuss a deal. Barclays sees an all-stock acquisition by SpaceX as the most likely structure, with about 3.1 SpaceX shares per Tesla share at a 20% premium, leaving Musk with about 53% of the combined company's voting power; approval requires more than 50% of total outstanding shares. Barclays forecasts 1.80 million Tesla vehicles in 2026 and 1.92 million in 2027, and Tesla's robotaxi fleet had logged about 3.1 million unsupervised miles across 6 cities as of October 18. Barclays does not expect robotaxis to matter financially in the near- to mid-term.
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TSLAmergers and acquisitionsSpaceXElon Muskelectric vehicles
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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 10/23/2026 | 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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