Mitrade Insights is dedicated to providing investors with rich, timely and most valuable financial information to help investors grasp the market situation and find timely trading opportunities.

2021

Best News & Analysis Provider

FxDailyInfo

2022

Best Forex Educational Resources Global

International Business Magazine

Insights

News

Tesla Rises Over 2% Pre-Market as Barclays Upgrades to Overweight, Lifts Price Target 20% to $450

Source Tradingkey

TradingKey - Tesla (TSLA) rose over 2% in U.S. pre-market trading to $380.45. Barclays (BCS) upgraded its rating on Tesla from "Equal Weight" to "Overweight" and raised its price target from $370 to $450, representing an upside of about 21% from current levels. The bank is optimistic about the growth recovery prospects of Tesla's core automotive business, while noting that Robotaxi commercialization progress, energy storage orders, and the potential merger with SpaceX could all serve as catalysts driving the company's valuation higher.

tsla-3fdf8209794d41309c13b761b045b600

Source: TradingView

In Barclays' view, Tesla's growth thesis is evolving. After two consecutive years of decline, the company's automotive business is expected to re-enter a growth phase, providing support for overall performance.

Meanwhile, the Robotaxi business has also begun showing new progress, with a notable increase in recent driving mileage, reflecting steady advancement in the division. As the robotaxi business gradually develops, the market's assessment of Tesla's future revenue streams may also shift accordingly.

The energy storage business is another growth driver favored by Barclays. The bank noted that Tesla's energy storage orders for 2027 are nearly sold out, demonstrating that market demand remains robust. If these orders are converted into revenue as planned, the energy storage business is expected to further enhance the company's growth potential beyond its automotive segment.

In addition, expectations surrounding a potential merger between Tesla and SpaceX (SPCX) have also drawn attention. Elon Musk previously confirmed during an earnings call that both companies have established special committees to evaluate the possibility of a merger. Barclays believes the market has already formed high expectations for this potential deal, and if pursued, the transaction may need to offer a premium to Tesla shareholders. However, the merger remains in the evaluation stage, and whether it will ultimately be reached—along with the specific terms of the deal—remains uncertain.

Source

Disclaimer: For information purposes only. Past performance is not indicative of future results.

Recommended Articles

The Fed will sit still on October 28 — but 100 of 100 economists now expect a December hike A Reuters poll run October 16-20 found 94 of 100 economists expecting the Fed to hold at 3.75-4.00% on October 28 — and all 100 expecting a hike in December, against less than half a month earlier. The market is close to the same price, with CME FedWatch at roughly 17% for October and 82.8% for December. With the Fed in blackout since October 17, here are the five dates that decide the rest of the year, what each one is priced for, and the two directions each can take.

Author Irene Q.

Oct 22, Thu

A Reuters poll run October 16-20 found 94 of 100 economists expecting the Fed to hold at 3.75-4.00% on October 28 — and all 100 expecting a hike in December, against less than half a month earlier. The market is close to the same price, with CME FedWatch at roughly 17% for October and 82.8% for December. With the Fed in blackout since October 17, here are the five dates that decide the rest of the year, what each one is priced for, and the two directions each can take.

Nasdaq closes at 26,008.86 — 8.9 points above 26,000, and the credit market never blinked The Nasdaq Composite fell 2.60% to 26,008.86 on October 22, its worst session since June, as Meta sank 6.98% on 2026 capex guidance of $135–145 billion. But the equal-weight S&P 500 rose 0.73%, high-yield credit was flat and 10-year yields fell 20 basis points. This was an AI de-rating, not a risk-off event — here is the transmission chain, the 29,000 / 28,200 levels and what would prove it wrong.

Author Irene Q.

Oct 23, Fri

The Nasdaq Composite fell 2.60% to 26,008.86 on October 22, its worst session since June, as Meta sank 6.98% on 2026 capex guidance of $135–145 billion. But the equal-weight S&P 500 rose 0.73%, high-yield credit was flat and 10-year yields fell 20 basis points. This was an AI de-rating, not a risk-off event — here is the transmission chain, the 29,000 / 28,200 levels and what would prove it wrong.

Brent tops $113 on Saudi supply risk — but the diesel line in the EIA report is the tell Brent's December contract settled at $113.17 on October 22, up 4.00% and the highest close since May 4, after Saudi Arabia restricted refined-product shipments. The same session's EIA report showed crude stocks down 3.06 million barrels and gasoline down 2.95 million — but distillates built 1.68 million. That single line decides whether $113 holds: here are the data, the 108.8 / 114.0 / 119.3 levels and the two scenarios.

Author Irene Q.

Oct 23, Fri

Brent's December contract settled at $113.17 on October 22, up 4.00% and the highest close since May 4, after Saudi Arabia restricted refined-product shipments. The same session's EIA report showed crude stocks down 3.06 million barrels and gasoline down 2.95 million — but distillates built 1.68 million. That single line decides whether $113 holds: here are the data, the 108.8 / 114.0 / 119.3 levels and the two scenarios.

Gold Price Analysis Today | Forex Gold Analysis | XAU/USD Analysis - October 26, 2026 Get the latest gold price analysis, forex gold insights, and XAU/USD analysis for October 26, 2026. Read on for the details.

Author Mitrade

8 hours ago

Get the latest gold price analysis, forex gold insights, and XAU/USD analysis for October 26, 2026. Read on for the details.

Gold breaks $4,000 as oil becomes the inflation problem — $3,943 is the line that matters Spot gold closed at $3,995.6 on October 23, down about 4.1% for the week and at its lowest since mid-July, and traded near $3,988 on October 26 even as Brent crude settled at $116.72 and Middle East supply risk stayed elevated. The war premium stopped working because oil is now the inflation trade: December Fed hike odds are 68.9% and the 10-year yield is 4.988%. Here are the three numbers, the transmission chain, and the July low at $3,943 that decides whether this is a bottom or a bigger correction.

Author Irene Q.

4 hours ago

Spot gold closed at $3,995.6 on October 23, down about 4.1% for the week and at its lowest since mid-July, and traded near $3,988 on October 26 even as Brent crude settled at $116.72 and Middle East supply risk stayed elevated. The war premium stopped working because oil is now the inflation trade: December Fed hike odds are 68.9% and the 10-year yield is 4.988%. Here are the three numbers, the transmission chain, and the July low at $3,943 that decides whether this is a bottom or a bigger correction.

Popular Symbols