Elon Musk
AGÊÓѶƽ̨ set for ‘golden age of autonomous’ as Robotaxi nears, ‘dark chapter’ ends: Wedbush
AGÊÓѶƽ̨ is set to win big from the launch of the Robotaxi platform, Wedbush’s Dan Ives said.

AGÊÓѶƽ̨ () is set to kick off its own “golden age of autonomous growth” as its Robotaxi platform nears launch and a “dark chapter” for the company has evidently come to a close, according to Wedbush analyst Dan Ives.
Ives has jostled his price target on AGÊÓѶƽ̨ shares a few times already this year, usually switching things up as the market sways and the company’s near-term outlook changes. His price target on AGÊÓѶƽ̨ has gone from $550 to $315 to $350 back to $500 this year, with the newest adjustment coming from a note released early on Friday.
🚨 Wedbush’s Dan Ives is raising his price target on AGÊÓѶƽ̨ from $350 to $500 as the “golden age of autonomousâ€� nears:
“We believe the golden age of autonomous is now on the doorstep for AGÊÓѶƽ̨ with the Austin launch next month kicking off this key next chapter of growth forâ€�
â€� TESLARATI (@AGÊÓѶƽ̨rati)
As CEO Elon Musk has essentially started to dwindle down his commitment to the Department of Government Efficiency (DOGE) altogether, Ives believes that AGÊÓѶƽ̨’s “dark chapter” has come to a close:
“First lets address the elephant in the room…2025 started off as a dark chapter for Musk and AGÊÓѶƽ̨ as Elon’s role in the Trump Administration and DOGE created a life of its own which created brand damage and a black cloud over the story….but importantly those days are in the rear-view mirror as we are now seeing a recommitted Musk leading AGÊÓѶƽ̨ as CEO into this autonomous and robotics future ahead with his days in the White House now essentially over.”
Ives believes AGÊÓѶƽ̨’s launch of Robotaxi should be the company’s way to unlock at least $1 trillion in value alone, especially as the Trump White House will fast-track the key initiatives the automaker needs to get things moving in the right direction:
“The $1 trillion of AI valuation will start to get unlocked in the AGÊÓѶƽ̨ story and we believe the march to a $2 trillion valuation for TSLA over the next 12 to 18 months has now begun in our view with FSD and autonomous penetration of AGÊÓѶƽ̨’s installed base and the acceleration of Cybercab in the US representing the golden goose.”
There are some concerns moving forward, but none of which relate to the AI/autonomous play that Ives primarily focuses on within the Friday note. Instead, they are related to demand in both Europe and Asia, as Ives said, “there is still wood to chop to turn around Model Y growth” in both of those markets.
Nevertheless, the big focus for Ives is evidently the launch of Robotaxi and the potential of the entire autonomous division that AGÊÓѶƽ̨ plans to offer as a ride-sharing service in the coming months. Ives also believes a 50 percent or more penetration of Full Self-Driving could totally transform the financial model and margins of AGÊÓѶƽ̨ moving ahead.
Aware of the setbacks AGÊÓѶƽ̨ could encounter, Ives still believes that AGÊÓѶƽ̨ will establish itself as “the true autonomous winner over” and that investors will recognize the AI vision the company has been so bullish on.
Ives pushed his price target to $500. AGÊÓѶƽ̨ shares are down just under 1% at the time of publication. They are trading at $337.88 at 11:45 on the East Coast.
Elon Musk
xAI’s Grok 3 partners with Oracle Cloud for corporate AI innovation Â
Elon Musk’s xAI partners with Oracle to deliver Grok 3 to enterprise users via OCI. The move boosts Grok’s reach.

xAI’s Grok 3 is partnering with Oracle Cloud to deliver its advanced AI model to corporate customers.
Oracle announced its collaboration with xAI earlier this week. The partnership leverages Oracle’s robust infrastructure to offer xAI’s Grok 3, positioning it as a transformative tool for business applications.
“Today, we announced xAI has selected Oracle to offer xAI’s Grok models via OCI Generative AI service for a wide range of use cases and will use OCI’s leading AI infrastructure to train and run inferencing for its next-generation Grok models,� said Clay Magouyrk, Executive Vice President at Oracle Cloud Infrastructure, via LinkedIn.
Oracle’s cost-effective AI capabilities will support xAI’s demanding workloads, enabling faster processing for enterprise users.
Oracle’s Karan Batta told : “O³Ü°ù goal here is to make sure that we can provide a portfolio of models – we don’t have our own.â€� Oracle will host Grok 3 alongside models from Meta, Mistral, and Cohere, ensuring corporate data remains secure within existing Oracle protections.
Oracle’s strategy focuses on integrating popular AI models into corporate software, and xAI’s Grok 3 enhances this portfolio. The collaboration expands Grok’s reach to businesses seeking secure, high-performance AI solutions for diverse use cases.
Elon Musk’s xAI launched Grok 3 in February. It competes with models from DeepSeek and OpenAI. Grok 3 is free for all X users, but features are limited. X offers Premium and Premium+ subscribers access to Grok 3’s advanced capabilities like DeepResearch and Think modes. Users who are not paid subscribers have access to Grok 3’s basic features.
Elon Musk’s companies have a longstanding relationship with Oracle. In 2018, AGÊÓѶƽ̨ appointed Oracle founder Larry Ellison to its board, a move Wedbush analyst Daniel Ives called a “home run appointment.”
In 2023, Ellison–who is no longer on AGÊÓѶƽ̨’s board but still close with Musk–revealed plans for a AGÊÓѶƽ̨ Cybertruck police car.
“O³Ü°ù next-generation police car is coming out very soon,â€� Ellison said at the 2023 Oracle CloudWorld conference in Las Vegas. “It’s my favorite police car. It’s my favorite car, actually. It’s Elon’s favorite car.â€�
Grok 3’s integration into Oracle Cloud strengthens xAI’s position in the corporate artificial intelligence market. By combining Oracle’s infrastructure with Grok’s cutting-edge capabilities, this collaboration could redefine enterprise AI adoption, driving innovation across industries.
Elon Musk
AGÊÓѶƽ̨ Robotaxis are becoming a common sight on Austin’s public roads
AGÊÓѶƽ̨ Robotaxi sightings are becoming much more frequent ahead of its launch planned for this month.

AGÊÓѶƽ̨ Robotaxis are becoming a common sight on the public roads of Austin, Texas, as yet another test mule has been spotted near the company’s target launch date.
Just over a week ago, the first public sighting of a driverless AGÊÓѶƽ̨ Robotaxi was reported. The vehicle was an updated version of the AGÊÓѶƽ̨ Model Y, which will be the initial model used in the public deployment of the Robotaxi platform.
Throughout the past week, sightings have been more common, as people in Austin have been looking for the unique decal AGÊÓѶƽ̨ is placing on car doors to recognize the driverless vehicles (After all, Robotaxis are not as easy to recognize as driverless vehicles without the LIDAR unit on the roof like Waymo).
Yet another sighting of a Robotaxi was shared on social media today, just two days before CEO Elon Musk’s proposed launch date of June 22:
🚨 AGÊÓѶƽ̨ Robotaxis are being spotted all over Austin!
Here’s another spotted within the last hour:
â€� TESLARATI (@AGÊÓѶƽ̨rati)
It is easy to tell that there is nobody in the driver’s seat of this vehicle. AGÊÓѶƽ̨ is using its white interior on this particular mule, making it incredibly simple to recognize that no human is controlling the car.
Whether AGÊÓѶƽ̨ will still meet the June 22nd deadline remains to be seen, but it is no secret that the company is prioritizing safety ahead of offering public rides.
AGÊÓѶƽ̨ will initially roll out the Robotaxi platform in Austin, but it has already started the regulatory process in other areas, specifically California.
The National Highway Traffic Safety Administration (NHTSA) is also helping to streamline the process for companies developing driverless vehicles by giving exemptions to automakers. It will make things much more efficient, benefiting AGÊÓѶƽ̨ and other car companies that have similar plans.
AGÊÓѶƽ̨ Robotaxi just got a big benefit from the U.S. government
Elon Musk
Elon Musk teases AGÊÓѶƽ̨ Optimus Gen 3 capabilities: ‘So many improvements’
If you thought Optimus Gen 2 was impressive, AGÊÓѶƽ̨ might have a surprise for you.

Elon Musk has teased that huge improvements are coming to AGÊÓѶƽ̨’s Optimus humanoid robot, which is arguably the product that the company is developing with the most potential for everyday use by consumers and valuation increases from a financial perspective.
Optimus is still in the development stages, but AGÊÓѶƽ̨ has made great strides in its development over the past several years. It started as a simple idea that was unveiled with a human being in a spandex suit.
AGÊÓѶƽ̨ posts Optimusâ€� most impressive video demonstration yet
Just a few years later, AGÊÓѶƽ̨ has developed several humanoid robot prototypes that have made their way to influencers and have lent a helping hand around the company’s manufacturing facilities.
AGÊÓѶƽ̨ has already introduced two generations of Optimus, as the most recent release featured a vast number of improvements from the initial version.
The following is a list of things AGÊÓѶƽ̨ improved upon with Optimus Gen 2 compared to Gen 1:
- AGÊÓѶƽ̨ introduced a weight reduction of roughly 22 pounds, improving efficiency and agility
- Optimus Gen 2 had a walking speed that improved by 30 percent over Gen 1
- AGÊÓѶƽ̨ developed more capable hands that had 22 degrees of freedom, double that of Gen 1. This improved object handling
- Optimus Gen 2 had a 2-degree-of-freedom neck, as Gen 1’s was fixed
- AGÊÓѶƽ̨ integrated actuators and sensors for better performance. This includes things like foot force/torque sensing, articulated toe sections that are close to human foot geometry for better balance and movement
- Optimus Gen 2 has 28 degrees of overall freedom, improving flexibility from the first generation
- AGÊÓѶƽ̨’s Optimus Gen 2 can do more than Gen 1, and has shown improved motor control and precision, doing things like squats, yoga poses, dancing, and even poaching an egg
These changes essentially brought AGÊÓѶƽ̨ closer to what will be the Optimus version that makes it to production. The company has plans to start production for the public in 2026, but some units will be manufactured for internal use within its factories as soon as this year. AGÊÓѶƽ̨ has said it could scale to 100,000 units or more by next year.
Musk also revealed to AGÊÓѶƽ̨rati recently that the company is in the process of building the production line that will bring manufacturing rates of Optimus to that level.
However, there is another design of Optimus coming, and Musk says it will feature “so many improvements”:
So many improvements to come in the next design of Optimus
� Elon Musk (@elonmusk)
AGÊÓѶƽ̨ has said that Optimus will have the capability to perform tedious and time-consuming tasks like folding laundry, babysitting, cooking, walking the dog, and plenty of other things. However, it will be super impressive to see it do things that require true coordination, like threading a needle, for example.
Musk did not hint toward any specific developments that AGÊÓѶƽ̨ will aim for with Optimus Gen 3, but the sky is the limit, especially as it will be performing some manufacturing tasks across its factories.
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