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Summary
Tesla (TSLA) closed at $391.62 on October 26, 2026, up 5.21%, beating the Nasdaq Composite's 0.82% rise.
Financial media tied the move to Barclays revising its view on the stock over a possible merger with SpaceX.
No merger deal has been announced, and Tesla still closed 21.49% below its 52-week high.
Gotrade News - Tesla (TSLA) closed at $391.62 on Monday, October 26, 2026, up $19.40 or 5.21% in the US session. The day's Tesla stock news centered on Barclays revising its view on the stock over a possible merger with SpaceX.
TSLA Trading Data
Data
Value
Closing price
$391.62
Change
+$19.40 (+5.21%)
Previous close
$372.22
Open
$383.83
Day range
$383.73 to $397.27
Volume
53.1 million shares
30-day average volume
36.0 million shares
52-week range
$297.38 to $498.83
Market cap
$1.55 trillion
Regular-session close on Monday, October 26, 2026, 4:00 p.m. New York time. Stock prices: Yahoo Finance, cross-checked against the closing price on Nasdaq.com. Volume and 30-day average volume: Nasdaq.com. 52-week range: Yahoo Finance daily highs and lows since October 27, 2025. Indices and the 10-year Treasury yield: Yahoo Finance daily closes for the same date.
Tesla gapped higher at the open, starting the day above Friday's close, and never traded back down to that level. The shares finished $7.89 above the day's low and below the intraday high. Volume ran 47.27% above average, pointing to heavy participation in the move.
The rally left the broader market behind. Tesla's 5.21% gain beat the Nasdaq Composite's 0.82% rise by 4.39 percentage points, while the S&P 500 added 0.70% and the Dow Jones Industrial Average rose 0.28%. The US 10-year Treasury yield ended at 4.99%, down 0.2 basis points.
Megacap peers were mixed. Nvidia (NVDA) rose 2.39% and Microsoft gained 1.54%, while Apple slipped 1.10%, Alphabet fell 1.06% and Meta Platforms lost 1.88%. Shares of SpaceX (SPCX), the other side of the merger talk, edged down 0.40%, and electric-vehicle maker Rivian (RIVN) fell 3.38%.
Even after Monday's jump, Tesla closed 21.49% below its 52-week high and 31.69% above its 52-week low.
Why Tesla Stock Rose
Financial media tied the move to a brokerage call and the SpaceX merger talk behind it. According to Yahoo Finance, the rally came alongside Barclays revising its view on Tesla on Monday, with the bank's case built on a possible merger with SpaceX.
As reported by Stocktwits, Barclays analyst Dan Levy cited Tesla's merger opportunity with SpaceX, and BNP Paribas analyst James Picariello also revised his view on the stock.
The merger backdrop dates to last week. In a report dated October 20, TechCrunch said Elon Musk told SpaceX's third-quarter earnings call that the boards of both companies had formed special committees of independent directors, created at shareholders' request, to review a possible combination.
Musk said he could not take part in the committees' discussions because he is a conflicted party, and Yahoo Finance noted that no deal has been announced.
Two more items landed around the session, as Yahoo Finance reported. On Sunday, Musk said SpaceX had closed $40 billion in debt financing to buy AI chips, a bill a merged company would share. On Monday, Tesla's Robotaxi service switched on a larger service area in Houston.
TSLA Stock Analysis: Supporting Factors and Risks
Supporting Factors
ARK Invest analyst Tasha Keeney pointed to Full Self-Driving adoption among Tesla's North American deliveries rising from about 55% in the second quarter to more than 75% in the third, according to Stocktwits.
Tesla is up by double digits in October, the best in the Magnificent Seven, while Meta, Alphabet and Nvidia are lower for the month, per Yahoo Finance.
Volume ran 47.27% above average on the gain, so the move came with heavy turnover rather than thin trading.
Risks
The special committees have not agreed on terms. Musk said a combination should not be assumed to be a certainty, and TechCrunch reported a deal would need a 50% vote from all Tesla shareholders, not just those who vote.
BNP Paribas analyst James Picariello flagged Tesla's multi-year cash burn as a risk, according to Stocktwits.
Tesla is still down by double digits this year, the worst showing in the Magnificent Seven, per Yahoo Finance, and retail sentiment on Stocktwits stayed in bearish territory over the past 24 hours.
This article is for education and information only and is not investment advice. Investment decisions are yours to make after your own research.
Gotrade is the trading name of Gotrade Securities Inc., which is registered with and supervised by the Labuan Financial Services Authority (LFSA). This content is for educational purposes only and does not constitute financial advice. Always do your own research (DYOR) before investing.
M. Alfathan Rahman is a content writer with over 3 years of experience developing digital content strategies across various industries, including fintech. He has experience producing content for tax-related websites and financial education platforms. His focus areas include data research, and crafting financial articles that are informative, accurate, and accessible to investors of all experience levels.
Hendrie Saputra holds a Master of Business Administration (MBA) with a concentration in Business Risk & Finance, along with professional experience in finance, marketing, and project management. He is experienced in analyzing market data and developing research-driven business strategies.
