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, pointing to a possible SpaceX merger, and Latvia authorized Tesla's Full Self-Driving software. In the last reported quarter, Tesla delivered 486,532 vehicles, its highest passenger vehicle order backlog in four years, and active paid FSD customers rose 67% year over year to 1.74 million. Automotive gross margin improved to 18.5% from 17%, and energy gross margin jumped to 33.1% from 20.4% in the second quarter of 2026. Tesla ended the quarter with about $45.4 billion in cash and short-term investments, trimmed 2026 capex guidance to $20 billion from $25 billion, and posted free cash flow of $1.53 billion. The article notes risks including high operating expenses, supply chain challenges and expected year-over-year declines in operating profit in coming quarters.
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TeslaSpaceXelectric vehiclesmergers and acquisitions
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Related tickers and likely impact
TSLA
• NeutralTesla, Inc.
Relevance: low
| Market | US stocks |
|---|---|
| Sector | Consumer Discretionary |
| Industry | Automobile Manufacturers |
| Market cap | $1.5T |
| Close on 10/28/2026 | 404.22 |
| Change that session | -0.80% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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