Tesla outperforms tech stocks, buoyed by bets on future growth

Tesla shares climbed 2% in pre-market trading after Barclays upgraded the stock to "overweight" and raised its price target from $370 to $450, while Mizuho increased its own price target to $460.

This positive outlook is supported by expectations of a potential integration with SpaceX, improved performance in the automotive segment, and progress in autonomous robotaxis. Additionally, the Berlin Gigafactory reached a record weekly production milestone of 7,000 Model Y vehicles. The stock outperformed the broader tech sector as investors await earnings results from major corporations and the Federal Reserve’s decision on interest rates.