Barclays Keeps Tesla at "Neutral" with $360 Price Target

Barclays' latest research report maintains a "neutral" rating on Tesla stock with a price target of $360. The report notes that Tesla's in-house chip fabrication facility, Terafab, provides critical support for the company's ultra-high-growth roadmap. However, Tesla's ambitious target of achieving 1 terawatt (TW) of computing power remains highly challenging. While Terafab could enhance Tesla's competitiveness in AI and autonomous driving, significant uncertainties persist regarding the technical feasibility, cost, and timeline required to deploy such massive computing capacity. Accordingly, Barclays believes the current share price already reflects some optimistic expectations and thus maintains its neutral stance.