Tesla (TSLA) Stock in Focus as Barclays Lifts Price Target to $350, Citing Tariff Advantage

Tesla, Inc. (NASDAQ:TSLA) is one of the AI Stocks in the Spotlight This Week. On October 17, Barclays reiterated the stock as “Equal Weight” and raised its price target to $350 (from $275). The firm stated that the stock is a beneficiary of tariff changes.

“Tesla: Key beneficiary of tariff relief on U.S. production as 100% of vehicles sold in the U.S. are made in the U.S.”

According to the analysts, Tesla heads into Q3 earnings with two contrasting “stories,” namely an accelerating autonomous and AI narrative fueled by Elon Musk’s proposed comp package and a weakening fundamental backdrop.

Barclays anticipates a Q3 EPS beat driven by gross margin and volume strength. However, it is “leaning neutral to slightly negative” into the print owing to a recent rally driven by a “muted view” on fundamentals.

Tesla, Inc. (NASDAQ:TSLA) is an automotive and clean energy company that leverages advanced artificial intelligence in its autonomous driving technology and robotics initiatives.

While we acknowledge the potential of TSLA as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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