California Is Ending The Clean Air Vehicle Decal Allowing Electric Vehicle Drivers To Go Solo In Carpool Lane

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Tesla just had its best month since the election

The stock is riding high on analyst upgrades and big expected third-quarter sales.

9/29/25 9:09AM

Updated 9/30/25 5:25PM

November 2024 was a great month for Tesla. Its CEO threw his chips in for the winning presidential candidate, who was expected to slash federal red tape for Tesla’s white whale: self-driving cars.

September 2025 was nearly as good — at least in terms of the stock price’s increase from the month before.

Tesla closed at $444, 34% higher than it ended August. Tesla ended last November 38% higher than the month before, at $345. The company’s shares then hit an all-time high in December 2024 before a combination of falling sales and a fallout with President Trump, among other headwinds, sent the stock down. Tesla only went positive for the year earlier this month.

Lately, Tesla has been riding high on a series of analyst upgrades touting the company’s AI and autonomous ambitions. Last week, Wedbush Securities analyst Dan Ives raised his price target for Tesla to a Wall Street high of $600, forecasting a $1 trillion “AI and autonomous opportunity.”

The company is also, for the first time in a while, selling a lot of regular vehicles, which make up the lion’s share of its existing revenue. That part is a bit bittersweet, since the reason for the rise ends tomorrow. Electric vehicles in general are flying off lots in the US, with record sales expected this quarter as would-be buyers pull forward purchases to take advantage of the $7,500 federal tax credits, which end tomorrow. Of course, that suggests sales will fall off in subsequent quarters. Still, it’s good news now for Tesla, which some analysts predict will have a record quarter that could push the stock even higher.

We’ll know for sure later this week, when Tesla discloses third-quarter delivery numbers.

Update (September 30, 4:00 p.m. ET): Piece has been updated to confirm Tesla did notch its best month since November 2024.

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Report: Some of Meta’s new AI models will eventually be open-source

Axios reports that Meta is close to releasing its first new AI models after setting up its “superintelligence” team led by former Scale.AI CEO Alexandr Wang, and some of the models will eventually be released with an open-source license.

Per the report, Meta sees an opportunity to focus on consumers, rather than the lucrative enterprise market that both OpenAI and Anthropic have been focusing on.

Meta had previously embraced open-source AI with its Llama models, with CEO Mark Zuckerberg writing a manifesto declaring open-source AI as “the path forward.” Axios says that Meta will be pursuing more of a hybrid strategy of proprietary and open-source models going forward.

The New York Times previously reported that Meta was delaying the launch of its new AI model because of performance issues.

Scoop: Meta will still open-source AI models — just not all of them

The New York Times previously reported that Meta was delaying the launch of its new AI model because of performance issues.

OpenAI’s plan for an AGI world: AI for all and a 4-day workweek

The company’s policy paper calls for a new social contract that includes AI at the center of everything, which could lower costs and create cures for diseases, but also warned it may upend the public safety net.

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🏠 $2.15M

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The median price for a house in San Francisco is now $2.15 million, jumping 18% from last year. The AI startup boom is pushing what was already one of the most expensive housing markets to dizzying new heights. The median price for condos in the city jumped 27% to reach $1.36 million, according to data from Compass, reported by Bloomberg.

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Report: OpenAI on track to burn $85 billion in 2028, expects profitability by 2030

Anthropic and OpenAI are racing to go public this year, and all eyes are on how long they can sustain burning billions in cash before they achieve something that looks like a viable business.

Investors have seen both companies’ projections, and there’s no sign of slowing down, according to a report from The Wall Street Journal.

OpenAI expects to burn tens of billions per year for the rest of the decade, peaking at $85 billion in 2028, before achieving profitability in 2030, per the report.

Anthropic will also continue to burn cash for years — far less than OpenAI — but it projects that 2026 will be its biggest year of losses. It targets 2029 for profitability, fueled by exploding enterprise revenue.

An Inside Look at OpenAI and Anthropic’s Finances Ahead of Their IPOs

OpenAI expects to burn tens of billions per year for the rest of the decade, peaking at $85 billion in 2028, before achieving profitability in 2030, per the report.

Form Energy iron-air battery system leaving Form Factory 1

Big batteries are the newest answer to Big Tech’s big energy needs

America’s booming energy demand is creating a powerful case for large-scale energy storage.

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