Barclays upgrades Tesla, lifts price target to $450 as deliveries and earnings beat expectations
Barclays upgraded Tesla to Overweight and raised its price target to $450, up from $370, after the company posted adjusted EPS of $0.48 and delivered 486,532 vehicles in the third quarter. The upgrade sparked a rally, with the stock closing near $398 and gaining about 6% on the day. Analysts also noted speculation about a possible Tesla‑SpaceX combination and highlighted Tesla’s planned $25 billion capital spend in 2026.
Why it matters
Barclays’ higher target suggests upside of roughly 13% from the closing price, which may attract additional buying pressure. The earnings beat and strong delivery numbers reinforce the bullish thesis that Tesla’s auto and energy‑storage businesses are recovering.
Key facts
- 1Barclays raised its price target for Tesla to $450 from $370. fxleaders.com
- 2Tesla’s shares closed at $397.27, up about 6% on the day. fxleaders.com
- 3Adjusted earnings per share were $0.48, beating the $0.44 consensus estimate. fxleaders.com
- 4Tesla delivered 486,532 vehicles in the third quarter. fxleaders.com
- 5Tesla expects capital expenditure to exceed $25 billion in 2026, compared with roughly $8.5 billion in the prior year. fxleaders.com
- 6Mizuho also raised its price target to $460 from $450. aol.com
Summary written by AlphAI AI Desk from 2 of 2 sources. Not investment advice. Figures are as stated by the linked sources.