Tesla Rises 6% as Barclays Upgrade Cites SpaceX Merger Potential; Lucid Drops 4%, Rivian Slips
Barclays raised Tesla’s price target to $450, saying a SpaceX combination could add a takeover premium to shares.
- Barclays analyst Dan Levy upgraded Tesla to Overweight from Equal Weight on Monday, raising the price target to $450 from $370, implying 21% upside from Friday's close.
- Tesla CEO Elon Musk confirmed last week that independent committees formed to explore a combination with SpaceX, though he emphasized that a deal remains uncertain.
- Levy noted that Tesla's auto business is recovering, supported by rising exports from Giga Shanghai and Full Self-Driving demand; Tesla stock rose 6% while Lucid Group fell 4% to $3.38.
- LSEG data shows 25 of 49 analysts covering Tesla maintain buy or strong buy ratings, while 22 hold the stock; if merger committees fail to reach terms, the takeover premium could fade quickly.
- Beyond the merger, Tesla expects robust demand for its Energy business from data centers, potentially supporting more than 50% growth in shipments by 2027.
11 Articles
11 Articles
Tesla Rises 6% as Barclays Upgrade Cites SpaceX Merger Potential; Lucid Drops 4%, Rivian Slips
A Barclays upgrade tied to merger potential is splitting the electric vehicle group, lifting its largest name while two smaller rivals slip. Tesla (NASDAQ:TSLA | TSLA Price Prediction) stock is up 6%, trading at $394.72, a gain that pushes a possible takeover premium into how the market values the car maker. Meanwhile, Lucid Group (NASDAQ:LCID) […]
Tesla Stock Jumps 5%: Barclays $450 Target on SpaceX Merger
Tesla stock jumped about 5% on Monday, October 26, closing near $392 after Barclays upgraded the electric-vehicle maker to Overweight from Equal Weight and raised its price target to $450 from $370. Analyst Dan Levy identified a potential combination with SpaceX as a key part of Tesla's bullish investment case, arguing that a transaction could deliver a premium to TSLA shareholders. The move followed a premarket gain of more than 2%, when Tesla …
Tesla (TSLA) Stock Surges 6.52%: Can It Break Above $406?
TLDR Tesla stock climbed 6.52% to $396.43 as merger discussions and a Barclays upgrade drew investor attention. Tesla and SpaceX formed independent committees to review a possible merger, but neither company has agreed to terms. Tesla reported $28.05 billion in third-quarter revenue, while operating income declined 56% year over year. Latvia approved Tesla’s supervised Full [...]
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