Barclays Raises Tesla Price Target to $450 and Upgrades Its Rating
Photo: TokenPost
Barclays analyst Dan Levy raised Tesla’s target to $450 from $370 and upgraded its rating to Overweight from Equal Weight on Oct. 26, amid a potential SpaceX combination. Levy’s thesis also factored in Tesla’s automotive, energy and Robotaxi businesses. A Tesla committee of disinterested directors was exploring closer SpaceX ties that could include a business combination; no deal was assured. Full Self-Driving (Supervised) subscriptions had an attachment rate above 75% among Tesla’s new North American deliveries. Cumulative unsupervised Robotaxi mileage reached eight times the previous quarter’s total.
Source: TokenPost
