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Barclays upgraded $TSLA to Overweight, raising its price target to $450 from $370. The bank sees a potential SpaceX merger as a major bullish catalyst, alongside accelerating Robotaxi adoption, stronger EV demand and AI-driven energy growth. Tesla's energy business is reportedly nearly sold out for 2027. The key takeaway: Barclays sees multiple upside catalysts, with a potential SpaceX deal central to its bull case.