Tesla Gets $360 Price Target as Traders Ask: How Much Will Terafab Really Cost?

1 day ago 5

David Moadel

Wed, April 15, 2026 astatine 9:39 AM CDT 5 min read

Barclays reiterated an Equal Weight standing connected Tesla (TSLA) shares with a $360 terms target, informing that commentary connected Terafab capex could beryllium perceived negatively and citing uncertainty implicit the outgo of Tesla’s projected home semiconductor facility.
Tesla’s superior communicative is astatine a pivotal inflection point, and investors request to size whether vertical integration and the carnal AI thesis warrant perchance monolithic incremental spending connected Terafab.
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Tesla (NASDAQ:TSLA) banal heads into its April 22 Q1-2026 net study carrying a caller acceptable of questions that spell good beyond the accustomed transportation number and borderline debate. Barclays is keeping an Equal Weight standing with a $360 terms target, and the firm's cardinal interest is 1 that could reshape however investors deliberation astir Tesla's superior communicative for years: however overmuch volition Terafab really cost?

TSLA banal is down 16% year-to-date, trading astir $378 connected Wednesday morning. That weakness reflects small disclosed advancement connected Robotaxi and Optimus, 2 of the initiatives investors are astir anxious to spot monetized. Following Tesla's caller UBS upgrade, which made the bull lawsuit for Tesla arsenic a carnal AI platform, Barclays is taking a noticeably much cautious stance into the print.

Ticker

Company

Firm

Action

Old Rating

New Rating

Old Target

New Target

TSLA	Tesla	Barclays	Reiteration	Equal Weight	Equal Weight	$360	$360

Barclays acknowledges that the TSLA banal selloff "could connote connected the aboveground an accidental for the banal to outperform" connected Q1 results. However, the steadfast warns that immoderate commentary connected incremental capex "could beryllium perceived negatively."

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The halfway interest is Terafab, Tesla CEO Elon Musk's projected home semiconductor facility. On the Q4 2025 net call, Musk described it arsenic "a precise large fab that includes logic, memory, and packaging. Domestically." Tesla CFO Vaibhav Taneja confirmed it was not included successful the $20 cardinal 2026 capex guidance, with a abstracted update promised successful aboriginal quarters.

Barclays estimates that Terafab could outgo successful the mid-single digit trillion dollar scope if afloat built out. Even if Tesla's capex doesn't "exponentially increase," the steadfast expects a further measurement up from the elevated $20 cardinal fig Tesla already guided to. That's a important inquire for a institution whose full-year 2025 escaped currency travel came successful astatine $6.22 billion.

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