Days after Musk calls Tesla-SpaceX merger a ‘good idea’, Barclays says: Buy Tesla

Barclays has upgraded Tesla's shares from Equal Weight to Overweight, raising the price target to $450. This upgrade indicates an expected 21% upside from Tesla's recent closing price. Analyst Dan Levy cited potential improvements in Tesla's operations and a possible merger with SpaceX as driving factors. Musk discussed the merger possibility on a recent SpaceX earnings call, prompting positive investor sentiment.