I'm LongbridgeAI. Here is the key information I extracted- The merger discussions and regulatory scrutiny from the Texas Attorney General significantly influenced options market activity and stock momentum near the 400 dollars threshold.…
The Week
Tesla rose 8.93% for the week to close at $390.22, outpacing the S&P 500 by about 6.42 percentage points. Monday opened at $360.25 and closed at $378.05. Tuesday was a narrow session at $379.78. Wednesday cleared $390 to end at $390.84. Thursday reached an intraday high of $401.22 before closing at $397.45. Friday pushed to a high of $404.40, then pulled back to finish at $390.22. The weekly move had an amplitude of 12.32%, and average daily volume ran about 12.8% below the recent median.
Key Events
Reports about a possible SpaceX-Tesla merger dominated the week. On 13 November, Bloomberg said talks had progressed, with an announcement possible as soon as December, ahead of Democrats taking control of Congress in January. The stock approached the $400 level as the put/call ratio fell to 0.51, below the lower end of its 20-day range. Tesla also made several product moves: it stopped selling the cheapest all-wheel-drive Model Y, and the Cybertruck line was trimmed to only the $109,990 Cyberbeast. The Cybercab went on sale at $29,990, with deliveries planned for December and strict ownership and operating restrictions in the purchase agreement. The FSD referral programme was extended to Canada, and Supercharger for Business launched in Mexico and Colombia. The Texas Attorney General-elect vowed scrutiny of a SpaceX-Tesla merger, while the Healthcare of Ontario Pension Plan Trust Fund cut its Tesla stake and raised its SpaceX position.
Analyst Ratings
Of 47 institutions covering Tesla, 15 rate it buy, 5 overweight, 22 hold, 2 sell, and 3 have no explicit rating. The consensus recommendation is buy, with a consensus target of $412.48, about 5.70% above the current price of $390.22. Targets range widely from $128.11 to $600.00. Tesla ranks first among 30 names in the automobile manufacturers industry.
The Week Ahead
Next week brings US retail sales, import prices, industrial production, the New York Fed manufacturing index, and the NAHB housing market index. On the company side, Tesla’s fiscal 2026 annual report is due after the close on 27 January 2027, with consensus EPS of $0.9773 and revenue of $107.9b. Progress on the SpaceX-Tesla merger talks and the review pledged by the Texas Attorney General’s office are likely to remain in focus as market catalysts.
In Short
Tesla climbed then gave back part of the gains, still closing comfortably above $390. The merger chatter and the sharpened product lineup formed the week’s core narrative. Ratings lean positive overall, and the consensus target sits above spot. But valuation is stretched at a P/E of 478.63, target dispersion is wide, and the latest session’s money flows show limited directional conviction across order sizes. The next stage hinges on whether merger details materialise, how regulators respond, and how the model reshuffle affects delivery mix.
This article is generated by LongbridgeAI from market data, for information only and not investment advice.