Tesla shares rose 4% following ARK Invest's reaffirmation of a $4,400 long-term price target by 2031, driven by confidence in Tesla's robotaxi and Full Self-Driving businesses. Tesla's autonomy plans, including Cybercab rides in Austin, are central to ARK's valuation model, which sees most future value coming from robotaxis. Meanwhile, Rivian gained 3% and Lucid remained mostly flat, with both also exploring robotaxi partnerships but lacking Tesla's SpaceX merger potential. Tesla and SpaceX are evaluating a possible merger, adding a second growth avenue, though this deal faces multiple approval hurdles and execution risks. Investors are advised to remain cautious until merger details and autonomy adoption progress become clearer.
Tesla shares are trading at USD 406.41 on Pluang as of Oct 28, 2026 00:12 WIB, up 3.78% for the day but still below its 52-week high of USD 489.88. In contrast, Rivian is near its 52-week low at USD 11.63, gaining only 1.75%, while Lucid is down 2.79% at USD 3.31. SpaceX, which is part of the potential merger talks with Tesla, trades at USD 150.49, also below its 52-week high of USD 202.09. This shows Tesla's relatively stronger position in market price compared to its peers on Pluang at this time.
General Motors announced it will move its stock listing from the New York Stock Exchange to Nasdaq next month, keeping its GM ticker. This move makes GM eligible for inclusion in the Nasdaq 100 index, which has driven a 5% rise in its shares, outperf...
Tesla reported $28 billion in revenue for Q3 and delivered 486,532 vehicles, showing strong sales and demand with inventory days dropping from 15 to 11. The company reached 1.74 million paid Full Self-Drive (FSD) customers, with North American attach...
Tesla's sell ratings have dropped to just 8.3% of analyst coverage, the lowest in over 11 years, as merger speculation with SpaceX drives optimism. Despite no signed deal, several analysts upgraded Tesla, citing the potential merger as a key bullish ...
Counterpoint Research forecasts that demand for DRAM memory chips in humanoid robots will increase about 20 times by 2030, driven by more robots and higher memory per unit. However, Tesla CEO Elon Musk recently reduced memory on Tesla's robot chips t...
Tesla's stock rose 6% following a Barclays upgrade to Overweight, driven by potential merger talks with SpaceX and expected growth from Full Self-Driving tech and Shanghai exports. Barclays raised Tesla's price target to $450, highlighting a possible...
