Tesla (TSLA) shares rose 5.2% on Monday, October 26, 2026, outpacing a 0.7% gain in the S&P 500. Several reports linked the move to a Barclays upgrade to Overweight from Equal Weight, with its price target raised to $450 from $370 and citing a potential merger with SpaceX, while another pointed to Latvia authorizing Tesla's FSD software, the tenth EU country to approve it. Management calls FSD the main reason people buy its cars, and Tesla had over 1.7 million paid FSD customers worldwide, with demand running far ahead of production. The stock closed at $391.62, 20% below its $489.88 high on December 16, 2025, but gained 27.4% over the three months to October 26, compared with 3.6% for the S&P 500.
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TSLAelectric vehiclesSpaceXmergers 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 10/26/2026 | 391.69 |
| Change that session | +5.23% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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