Tesla stock jumps as Barclays bets a SpaceX takeout bump is coming

Barclays believes a Tesla (TSLA) merger with SpaceX (SPCX) will deliver a takeout premium to shareholders, while the EV maker's core business and robotaxi push gain momentum. Lead analyst Dan Levy upgraded Tesla to Overweight from Equal Weight, and raised his price target to $450 from $370, citing the confluence of positive factors. Tesla stock surged 6% on Monday. (TSLA ) Go deeper with AlphaSpace 396.19 +23.97 (+6.44%) As of 11:23:50 AM EDT. Market Open. "We believe the improvement in Tesla's core business + inflection in Robotaxi, alongside the potential premium from a combination with SPCX [SpaceX], offers attractive risk/reward for the stock," Levy wrote.