Geopolitics Alpha

Tesla Rises 6% as Barclays Upgrade Cites SpaceX Merger Potential; Lucid Drops 4%, Rivian Slips

Published . Updated .

Covered by 2 outlets: 24/7 Wall St., Yahoo Finance.

Who covered it: Center 1 · Not rated 1. How we rate outlets

Tesla Rises 6% as Barclays Upgrade Cites SpaceX Merger Potential; Lucid Drops 4%, Rivian Slips

A Barclays upgrade is pulling Tesla sharply away from its electric vehicle rivals, and the reason has less to do with cars than with a corporate combination that Elon Musk himself refuses to guarantee will happen.

Directly affected

  • TSLA Tesla+3.7% 30d

    Named in this report.

  • BCS Barclays-15.9% 30d

    Named in this report.

Indirectly affected

  • CARZ First Trust S-Network Future Vehicles & Technology ETF

    First Trust S-Network Future Vehicles & Technology ETF: it holds carmakers and parts makers. Linked by “cars” (autos) in this story.

  • XLY Consumer Discretionary Select Sector SPDR+0.3% 16d

    Consumer Discretionary Select Sector SPDR: it holds carmakers and parts makers. Linked by “cars” (autos) in this story.

  • GM General Motors-12.9% 30d

    General Motors (motor vehicles and passenger car bodies): carmakers move with demand, costs and trade rules. Linked by “cars” (autos) in this story.

  • TM Toyota Motor+2.2% 30d

    Toyota Motor (motor vehicles and passenger car bodies): carmakers move with demand, costs and trade rules. Linked by “cars” (autos) in this story.

  • F Ford Motor-16.4% 30d

    Ford Motor (motor vehicles and passenger car bodies): carmakers move with demand, costs and trade rules. Linked by “cars” (autos) in this story.

  • RIVN Rivian Automotive-25.5% 30d

    Rivian Automotive (motor vehicles and passenger car bodies): carmakers move with demand, costs and trade rules. Linked by “cars” (autos) in this story.

Price reaction, T-5 to T+3

TickerT-5T-3T-1T0T+1T+2T+3
TSLA-1.13%+3.89%base+5.83%after closeafter closeafter close
BCS+1.93%+3.84%base+2.07%after closeafter closeafter close
CARZNo price data for this ticker———————
XLYNo price data for this ticker———————
GMNo price data for this ticker———————
TMNo price data for this ticker———————
FNo price data for this ticker———————
RIVNNo price data for this ticker———————

Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.

Market Call

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Tesla Rises 6% as Barclays Upgrade Cites SpaceX Merger Potential; Lucid Drops 4%, Rivian Slips 24/7 Wall St.

Source: 24/7 Wall St.

This story

CompanyWhenMoveStatus
BCSthat day+2.07%still updating
BCSthree days earlier+3.84%final price
BCSfive days earlier+1.93%final price
TSLAthat day+5.83%still updating
TSLAthree days earlier+3.89%final price
TSLAfive days earlier-1.13%final price

Trades by members of Congress and officials in the stocks in this story

Public disclosure filings, not a recommendation. The filing link is the source document. News use of these reports still sits under 5 U.S.C. § 13107(c).

This story

25 out of 100Price not final

“Tesla Rises 6% as Barclays Upgrade Cites SpaceX Merger Potential; Lucid Drops 4%, Rivian Slips” scores 25 out of 100. The score uses 2 sources. The price is not final yet.