Barclays upgraded Tesla to 'Overweight' from 'Equal Weight' and raised its price target to $450 from $370, a near 19% upside from current levels. The move reflects a potential Tesla-SpaceX combination, after CEO Elon Musk confirmed both companies formed independent committees to explore it, while stressing that an agreement is not a 'certainty.' Tesla's third-quarter revenue of $28.05 billion missed estimates of $28.3 billion, though adjusted EPS of $0.48 beat expectations, and vehicle deliveries fell 2% to 486,532 units. Barclays expects automotive growth to resume this year, supported by FSD adoption and higher Shanghai exports, and projects energy storage shipments to rise more than 50% in 2027. Tesla is down more than 15% year to date, lagging the 6.7% gain of the Roundhill Magnificent Seven ETF, though it leads the group in October with gains above 7.3%.
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TSLASpaceXElon Muskmergers and acquisitionselectric 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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