Barclays Keeps Equalweight on Tesla as S and X Production Ends, Flags Heavy Capex Push
Barclays has maintained an Equalweight rating and a $360 price target for Tesla after the company said it will discontinue the Model S and Model X by next quarter. The bank characterizes the move as a symbolic shift toward autonomy and robotics, and highlights a planned jump in capital expenditure to more than $20 billion in 2026. Despite these str…