The Beltrami–Michell equations of linear elasticity differ from the Navier–Cauchy equations, in that the primary field in former equations is the stress tensor rather than the displacement vector. Consequently, the equations can be used for circumstances where the displacement field is not of interest, for example in design, or when increased smoothness of the solution of the stress tensor is desired. In this work, we explore the stress‐based Beltrami–Michell equations for isotropic linear elastic materials. We introduce the equations in modern tensor notation and investigate their limitations. Further, we demonstrate how to symmetrise and stabilise their weak formulation, complemented by existence and uniqueness proofs. With latter at hand, we construct a conforming finite element discretisation of the equations, avoiding the need for intermediate stress functions. Finally, we present some numerical examples.