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Big Jump

Ives raises Tesla price target to Wall Street high of $600

The Wedbush analyst said investors are “underestimating the transformation underway at the company” regarding AI.

9/26/25 7:53AM

Wedbush Securities analyst and Tesla bull Dan Ives raised his price target for the company to a Wall Street high of $600 from $500 “to reflect our view that an accelerated AI path for the company is now on the horizon and investors are underestimating the transformation underway at the company.” He added, “We believe Tesla is taking major steps in advancing its AI Revolution path with autonomous and robotics front and center heading into 2026 that will be a game changer and define Tesla’s future.”

Tesla is up 1.5% premarket to $429.55 a share, so shares would have to rise roughly 40% to reach that price target.

Just a week ago, Baird analyst Ben Kallo raised his price target for Tesla to $548 (from $320), which was the previous Wall Street high.

Ives said he expects Tesla’s robotaxis to quickly roll out to more than 30 US cities within the next year. On Tesla’s last earnings call, CEO Elon Musk said he expected autonomous ride-hailing to be available to half the US population by the end of this year. Currently, Tesla is operating about 30 autonomous taxis with human safety monitors in the passenger seat in Austin. The company has expanded a more general ride-hailing service, where a Tesla driver sits in the driver’s seat and engages supervised Full Self-Driving, in the Bay Area. It’s currently testing autonomous vehicles in California and Nevada.

Ives is also forecasting that Tesla, which currently has a market cap of $1.3 trillion, will reach a $2 trillion market cap early next year and join the $3 trillion club by the end of 2026 “as full scale volume production begins of the autonomous and robotics roadmap.”

Of course, for Musk to receive his full $1 trillion pay package, he’ll have to push the company’s market cap to a whopping $8.5 trillion in 10 years, making $2 trillion or $3 trillion feel more realistic.

Jon Keegan3h

OpenAI shares how it will charge for ChatGPT ads

Last week, OpenAI announced that ads were going to be rolling out in ChatGPT in the coming weeks.

Now we have more details about what OpenAI is telling advertisers. According to a report from The Information, the company has reached out to “dozens” of advertisers, and will charge based on ad views.

Advertisers are still waiting for further details, but OpenAI is asking for less than $1 million each in ad spending while it tests out the new system, per the report.

Ads are supposed to begin in February, and will only appear for free ChatGPT and ChatGPT Go users.

OpenAI Lines Up Advertisers, Reveals Key Details Ahead of Ads Launch

Advertisers are still waiting for further details, but OpenAI is asking for less than $1 million each in ad spending while it tests out the new system, per the report.

Ads are supposed to begin in February, and will only appear for free ChatGPT and ChatGPT Go users.

Rani Molla3h

Apple is reportedly working on a wearable AI pin

Move over OpenAI, Apple is reportedly also developing a mysterious AI-powered wearable device: a pin that looks like a “thin, flat, circular disc with an aluminum-and-glass shell.”

The Information reports that the device is the size of an Apple AirTag and has two cameras, a speaker, three microphones, and wireless charging. It could be available by early 2027.

Apple, which has lagged its peers in AI and recently teamed up with Google to support its upcoming Siri revamp, is hoping to keep up with ChatGPT and Google, which, like Apple, has an AI smartphone. Meta and Google are both also pushing into smart AI glasses.

It’s not to be mistaken with OpenAI’s secretive wearable AI device, which is being made in conjunction with former Apple designer Jony Ive and expected to debut in late 2026. The latest rumors suggest the unnamed device, meant to eventually compete with smartphones, might be earbuds.

Apple Developing AI Wearable Pin

Jon Keegan

As public pushback against data centers grows, AI companies promise they’ll be good neighbors

Communities concerned with energy prices, pollution, and water usage are starting to push back on Big Tech’s AI data center building spree. The companies are trying to assure the public that they will pay their way.

Rani Molla8h

Morgan Stanley expects Tesla to have 1,000 Robotaxis by the end of 2026. Musk had predicted 1,500 by the end of 2025

Ahead of Tesla’s earnings report next week, Morgan Stanley has released a note estimating that the company will scale its Robotaxi fleet much more slowly than CEO Elon Musk has said. The firm thinks the automaker will have 1,000 vehicles in its Robotaxi service by the end of 2026 — 500 fewer than Musk estimated a few months ago Tesla would have by the end of 2025.

More key to Tesla’s success, however, will be removing the safety monitors from those rides, which Morgan Stanley says will be a “precursor to personal unsupervised FSD [Full Self-Driving] rollout.” Musk, of course, had also promised to remove safety drivers in Austin by the end of 2025, but driverless rides are still in the testing stage.

Rani Molla10h

Meta says it’s delivered new AI models internally this month and they’re “very good”

Meta’s last AI model release, Llama 4, was marred by delays and accusations of rigged benchmarks, but the company says the latest models built by its Superintelligence Labs team look promising. CTO Andrew Bosworth told reporters at the World Economic Forum that the team delivered new models internally in January and they’re “very good.”

Bosworth didn’t specify what the models are, though The Wall Street Journal has reported that Meta is working on a large language model and an AI image and video model code-named Avocado and Mango, respectively.