# Tesla Rises 6% as Barclays Upgrade Cites SpaceX Merger Potential

> Barclays upgrade lifts Tesla 6% as SpaceX merger potential sparks market split.
- Title: Tesla Rises 6% as Barclays Upgrade Cites SpaceX Merger…
- Summary: Barclays upgrade lifts Tesla 6% as SpaceX merger potential sparks market split. Tesla stock rises 6% after Barclays upgrades it to Overweight citing…
- Keywords: tesla, barclays, spacex, lucid, rivian, tesla stock, spacex merger, merger premium, electric vehicles, stock market, Rises, Upgrade
- Source: 24/7 Wall St. — https://247wallst.com/investing/2026/10/26/tesla-rises-6-as-barclays-upgrade-cites-spacex-merger-potential-lucid-drops-4-rivian-slips
- Author: David Moadel
- Published: 2026-10-26T13:58:53+00:00
- Read time: 1 min
- Topics: tesla, barclays, spacex, lucid, rivian, tesla stock, spacex merger, merger premium, electric vehicles, stock market
## Barclays Upgrade
Barclays upgraded Tesla stock to Overweight from Equal Weight and raised price target to $450.

> Barclays analyst Dan Levy upgraded Tesla stock to Overweight from Equal Weight and raised his price target to $450
## Tesla Stock Rises
Tesla stock up 6% to $394.72 as merger premium enters market valuation.

> Tesla stock is up 6%, trading at $394.72, a gain that pushes a possible takeover premium into how the market values the car maker
## Lucid Drops
Lucid Group stock down 4% to $3.38 as it moves opposite Tesla rally.

> Lucid Group stock is down 4% to $3.38, moving in the opposite direction from the rally in Tesla stock
## Rivian Slips
Rivian Automotive shares slip 2% to $11.64 with softer decline than Lucid.

> Rivian Automotive shares are slipping 2% to $11.64, a softer decline than the drop in Lucid stock that still lands on the losing side of the split
## SpaceX Merger Potential
Elon Musk confirmed Tesla and SpaceX formed independent committees to explore combination.

> Last week, Tesla CEO Elon Musk confirmed that the two companies had formed independent committees to explore a combination
## Merger Uncertainty
Musk’s caution keeps SpaceX merger outcome open as Tesla stock rally reflects partial optimism.

> Musk’s caution matters, since part of the Barclays case leans on an outcome the two companies haven’t agreed to
## Key takeaway

Tesla stock rises 6% after Barclays upgrades it to Overweight citing potential SpaceX merger premium, while Lucid drops 4% and Rivian slips 2%.