Tesla Stock News

Tesla stock TSLA rose around 5% on Monday after Barclays upgraded the electric vehicle maker, citing a potential merger with SpaceX and improving prospects for its automotive, energy storage, and autonomous driving businesses. Barclays analyst Dan Levy upgraded Tesla to Overweight from Equal Weight and raised his price target to $450 from $370, implying nearly 19% upside from recent levels.

Shares of neoclouds that offer AI infrastructure for rent are falling after a post by Elon Musk added fuel to worries about their financial health.

Car rental giant Turo will start advertising which Teslas on its marketplace are outfitted with the automaker's advanced driver assistance system, Full Self-Driving (Supervised) — or FSD, a collaboration that could boost further adoption of the driving software.

Barclays analyst Dan Levy upgraded Tesla stock to Buy from Hold. His target price went to $450 from $370.

Count Tesla (TSLA) among the famous megacap growth stocks that don't pay dividends. Investors waiting on Elon Musk to change that tune are likely to be waiting for a while.

The campaign for James Talarico, the Democratic nominee for U.S. Senate in Texas, released an ad targeting Elon Musk for spending millions in support of his Republican opponent Ken Paxton. "Elon wants to buy up our land, he wants to buy up our water, and now, he wants to buy his own personal U.S. Senator," the ad says, adding, "Texas is not for sale.

Elon Musk ensured that talk of a SpaceX-Tesla merger would dominate the conversation by calling it a "good idea" on an earnings call. Such a tie-up would be cheered by Musk fans, but the companies face a long road of negotiations, shareholder votes and regulatory reviews in the U.S. and overseas.

Elon Musk said this week that SpaceX and Tesla have formed special committees to study a merger of his two biggest companies.