(Ryan Collerd/Getty Images)

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 Keegan2/13/26

Ahead of IPO, Anthropic adds veteran executive and former Trump administration official to board

Anthropic is moving to put the pieces in place for a successful IPO this year.

Today, the company announced that Chris Liddel would join its board of directors.

Liddel is an seasoned executive who previously served as CFO for Microsoft, GM, and International Paper.

Liddel also comes with experience in government, having served as the deputy White House chief of staff during the first Trump administration.

Ties to the Trump world could be helpful for Anthropic as it pushes to enter the public market. It’s reportedly not on the greatest terms with the current administration, as the startup has pushed back on using its Claude AI for surveillance applications.

Exclusive | Anthropic Adds New Board Member as It Eyes IPO

Liddel is an seasoned executive who previously served as CFO for Microsoft, GM, and International Paper.

Liddel also comes with experience in government, having served as the deputy White House chief of staff during the first Trump administration.

Rani Molla2/13/26

Meta is bringing back facial recognition for its smart glasses

Meta is reviving its highly controversial facial recognition efforts, with plans to incorporate the tech into its smart glasses as soon as this year, The New York Times reports.

In 2021, around the time Facebook rebranded as Meta, the company shut down the facial recognition software it had used to tag people in photos, saying it needed to “find the right balance.”

Now, according to an internal memo reviewed by the Times, Meta seems to feel that it’s at least found the right moment, noting that the fraught and crowded political climate could allow the feature to attract less scrutiny.

“We will launch during a dynamic political environment where many civil society groups that we would expect to attack us would have their resources focused on other concerns,” the document reads.

The tech, called “Name Tag” internally, would let smart glass wearers identify and surface information about people they see with the glasses by using Meta’s artificial intelligence assistant.

Meta Plans to Add Facial Recognition Technology to Its Smart Glasses

“We will launch during a dynamic political environment where many civil society groups that we would expect to attack us would have their resources focused on other concerns,” the document reads.

The tech, called “Name Tag” internally, would let smart glass wearers identify and surface information about people they see with the glasses by using Meta’s artificial intelligence assistant.

Tom Jones

the elder scrolls

2/13/26

Older Americans are spending more time on their phones than younger cohorts, per new data

Some members of the TikTok generation are (very slightly) less glued to their phones than other adults, it turns out.

A man, a woman and a child with a phone instead of a head

Rani Molla

2/13/26

Apple doesn’t have an AI spending problem. It has an AI execution problem.

Apple isn’t falling far from the AI tree.

Super Bowl LX: New England Patriots v Seattle Seahawks

Jon Keegan2/12/26

Anthropic raises $30 billion, now valued at $380 billion

Anthropic is now valued at $380 billion, after closing on its latest round of fundraising, taking in $30 billion from a wide range of investors. The Series G round was co-led by D. E. Shaw Ventures, Dragoneer, Founders Fund, ICONIQ, and the UAE’s investment arm, MGX.

Some other investors include: Qatar Investment Authority (QIA), Sequoia Capital, Fidelity Management & Research Company, JPMorgan Chase, Lightspeed Venture Partners, Microsoft, and Nvidia.

Anthropic offered a few details on the current state of its business:

Anthropic said that its annual run-rate revenue has reached $14 billion, seeing 10x growth each of the past three years.
“The number of customers spending over $100,000 annually on Claude (as represented by run-rate revenue) has grown 7x in the past year.”
“Claude Code’s run-rate revenue has grown to over $2.5 billion; this figure has more than doubled since the beginning of 2026.”
Business subscriptions to Claude Code have quadrupled since the start of 2026.

In a blog post announcing the round, the company said:

“We train and run Claude on a diversified range of AI hardware — AWS Trainium, Google TPUs, and NVIDIA GPUs — which means we can match workloads to the chips best suited for them. This diversity of platforms translates to better performance and greater resilience for the enterprise customers that depend on Claude for critical work.”

Anthropic raises $30 billion in Series G funding at $380 billion post-money valuation