U.S. Stocks in Motion | Tesla (TSLA.US) Rises Over 6%; Barclays Upgrades Rating to Buy

Zhitong Finance APP has learned that on Monday, Tesla (TSLA.US) opened higher and continued to rise. As of press time, it was up more than 6%, with a market capitalization of $1.56 trillion. On the news front, on October 26 U.S. Eastern Time, major Wall Street banks updated their ratings on Tesla. Barclays analyst Dan Levy upgraded Tesla (TSLA.US) to Buy and raised the target price from $370 to $450. Market speculation about a potential merger between Tesla and SpaceX is heating up. Barclays analyst Dan Levy believes the two sides may announce a deal before Tesla's annual shareholder meeting on December 3, and the related speculation has drawn market attention to the future business integration and valuation arrangements of the two companies.