TSLA Breaks Above Resistance as Barclays Upgrades Tesla Stock Citing Potential SpaceX Merger and Delivery Growth Supports Bullish Outlook

Tesla's assisted-driving software, TAD, has been approved in Latvia and Slovakia, marking progress in its EU rollout. Owner Igor Marcek praised the technology but noted safety issues during a test drive, including failure to brake for a barrier. TAD is available for a EUR99 monthly subscription and was renamed from FSD. Tesla seeks broader EU approval amid regulatory scrutiny.

Barclays upgraded Tesla to Overweight, raising its price target to $450, citing a potential merger with SpaceX as a key bull case. Tesla shares rose 6% on the news. Scott Galloway argued the deal would benefit Tesla shareholders at SpaceX's expense. Tesla's earnings per share fell from $3.12 in 2023 to $1.66 in 2025, with a forward P/E above its three-year average.

Tesla CEO Elon Musk stated that Optimus, the company's humanoid robot, will have unscripted demonstrations soon, with deliveries to industrial customers expected by late 2027. Musk expressed confidence that no rival will match Optimus at launch. Tesla reported Q3 revenue of $28.05 billion, slightly above estimates, with adjusted earnings of 48 cents per share. Analyst Gene Munster views Optimus as a valuable 'call option' for Tesla.

Tesla's Q2 2026 revenue from automotive operations fell 3% YoY to $20.56B. Operating margin dropped to 1.4% from 4.1% YoY, missing expectations. Operating expenses rose 47% to $4.35B, with capex up 142% to $5.79B. Tesla is focusing on AI, Robotaxi, and Optimus robot, with Robotaxi service expanding in select U.S. cities. FSD subscriptions grew 56% QoQ to 1.48M. A potential SpaceX merger was discussed but not confirmed.

Tesla's stock rose 6% to $394.5 after Barclays upgraded it to Overweight with a $450 price target, citing improving business trends and potential SpaceX merger. Mizuho also raised its target to $460. The rally follows Tesla's strong quarterly results and investor interest in its autonomous-driving initiatives.

Tesla (TSLA) stock rose 6% on Monday, its best day since July, driven by a Barclays upgrade suggesting a potential merger with SpaceX (SPCX). Barclays raised its price target to $450. Tesla's October performance is the best among the Magnificent 7, though it remains down double digits for the year. The stock broke through its 200-day moving average, a key technical level. Musk confirmed talks of a Tesla-SpaceX combination, but no deal has been announced.