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Barclays upgraded Tesla (TSLA) stock from "Equal Weight" to "Overweight" and raised its price target from $370 to $450
Barclays upgraded Tesla (TSLA) stock from "Equal Weight" to "Overweight" and raised its price target from $370 to $450. The bank believes a potential merger between Tesla and SpaceX is the primary bullish catalyst, in addition to the accelerated adoption of Robotaxi, strengthening EV demand, and AI-driven growth in its energy business. Tesla's energy business is reportedly nearly sold out of orders through 2027. Barclays emphasized that a potential SpaceX deal is central to its bullish thesis.
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