Changes in US stocks | Tesla (TSLA.US) rose more than 6%, Barclays raised its rating to a buy rating

The Zhitong Finance App learned that on Monday, Tesla (TSLA.US) went high. As of press release, the increase was more than 6%, with a market value of 1.56 trillion US dollars. According to the news, on October 26, EST, Wall Street Bank updated its rating on Tesla. Barclays Bank analyst Dan Levy raised Tesla (TSLA.US) to a buy rating and raised the target price from 370 US dollars to 450 US dollars. Market speculation about a potential merger between Tesla and SpaceX is heating up. Barclays analyst Dan Levy believes that the two sides may announce the deal before Tesla's December 3 annual shareholders' meeting. Related speculations have drawn market attention to the future business integration and valuation arrangements of the two companies.

Furthermore, Daiwa released a research report stating that Tesla's non-GAAP earnings per share for the third quarter of 2026 were 0.48 US dollars, higher than the bank and market expectations of about 0.45 US dollars. It was mainly driven by the excellent profit margin performance of the automobile and non-automobile business, some of which was supported by tariff refunds. Various businesses seem to be gaining momentum, including the highest backlog of auto orders in four years, a 75% FSD (supervised) incidental rate for new cars in North America, an eight-fold increase in unsupervised mileage for Austin Cybercab, and a record high for energy storage business orders and backlog orders. The bank is encouraged by the steady execution of many of the company's businesses. It believes that improvements in autonomous driving technology are driving the adoption of FSD, and may help the company expand its market share and limit production risks in an environment where demand for electric vehicles is picking up.