Business
Dan Ives Says Tesla’s AI And Robotaxi Business Worth…
Over the weekend, Wedbush Securities analyst Dan Ives said Tesla Inc. (NASDAQ:TSLA) is on the verge of its most significant phase yet, arguing that the company’s artificial intelligence and robotaxi ambitions could unlock at least $1 trillion in value.
“We believe Tesla and Musk are heading into a very important chapter of their growth story as the AI revolution takes hold and the robotaxi opportunity is now a reality on the doorstep,” Ives wrote on X, formerly Twitter. “We estimate the AI and autonomous opportunity is worth at least $1 trillion alone for Tesla.”
Ives’ remarks followed a Wall Street Journal report that Stephen Hawk, a 56-year-old Tesla investor from Florida, had filed a shareholder proposal urging Tesla’s board to approve an investment in xAI.
Following the report, SkyBridge Capital founder Anthony Scaramucci also said that a Tesla–xAI merger “feels inevitable.”
Delivery Momentum Fuels Near-Term Gains
Earlier this month, Gary Black, managing partner at The Future Fund LLC, said Tesla’s stock surge in the past few days stems from expectations that the company will exceed Wall Street’s third-quarter delivery forecasts.
“Let’s not kid ourselves,” Black wrote on X. “$TSLA has been strong the past few days NOT because of progress on robotaxi but because every hedge fund has come to the realization that $TSLA will crush 3Q delivery estimates in two weeks.”
Black estimates Tesla will deliver 470,000 vehicles in the quarter, well above Wall Street’s consensus of 432,000, aided by buyers rushing to take advantage of the expiring $7,500 EV tax credit on Sept. 30.
What Are The Mixed Global Signals
Tesla’s performance remains uneven across markets. In China, sales fell 10% in August, marking the sixth monthly decline in 2025. Still, early September saw a rebound, with registrations hitting 14,300, a 41% jump from the previous quarter’s weekly average.
In the U.S., rising vehicle prices have weighed on Tesla’s market share even as overall EV sales climb.
Skepticism On Autonomy And Leadership
Not all observers are convinced Tesla can deliver on Ives’ trillion-dollar thesis.
Ross Gerber, co-founder of Gerber Kawasaki, earlier questioned Tesla’s approach to autonomy, saying Musk has ignored hardware issues critical to self-driving safety.
An ex-employee also criticized Musk’s leadership as “seriously compromised,” alleging it had damaged Tesla’s mission.
Tesla Stock Lags Behind S&P 500 And Nasdaq 100
In July, Tesla reported second-quarter revenue of $22.5 billion, down 12% year-over-year and short of analyst estimates.
At the time, the company reiterated plans to launch a more affordable model later in 2025 while preparing the Tesla Semi and Cybercab for volume production in 2026.
On the analyst front, Tesla carries a consensus price target of $311.81 based on 29 ratings. The three latest updates include Wedbush, RBC Capital and China Renaissance, with their average target of $391.33 suggesting a slight 1.07% downside.
Price Action: So far in 2025, Tesla’s stock is down about 2%, underperforming the S&P 500’s 11.95% gain and the Nasdaq 100’s 14.66% increase, according to Benzinga Pro.
Benzinga’s Edge Stock Rankings indicate that TSLA continues to show strength across short, medium and long-term horizons, with additional insights available for investors.
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Photo Courtesy: Josiah True on Shutterstock.com
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Business
AI Company ServiceNow Takes Up to 200K SF With Stephen Ross in West Palm Beach – Commercial Observer
AI company ServiceNow is taking up to 200,000 square feet at Stephen Ross’s 10 CityPlace development in Downtown West Palm Beach, Fla.
The Santa Clara, Calif.-based company will become the anchor tenant of the 480,000-square-foot development, which remains under construction. ServiceNow, which recorded nearly $11 billion in revenue last year, runs a cloud-based platform that helps firms automate and manage digital workflows using artificial intelligence.
The City of West Palm Beach and the State of Florida have approved $17 million in incentives for ServiceNow if it creates 856 jobs, WPTV reported.
ServiceNow plans to open an innovation hub within the office, which is expected to open in 2028. Ross’s firm, Related Ross, is negotiating to receive about $700 million in construction financing to build the tower as well as another office building next door, 15 CityPlace.
“West Palm Beach is the latest move in ServiceNow’s tradition of embracing bold economic developments across the country,” Bill McDermott, chairman and CEO of ServiceNow, said in a statement. “This will be a compelling magnet for talent, a strong engine for growth, and a dynamic hub for America’s AI leadership.”
ServiceNow’s lease marks a win for Ross’s broader quest to turn West Palm Beach into a leading business hub. 360 Rosemary, the office building that Ross completed in 2021, has landed high-profile finance tenants such as Goldman Sachs, J.P. Morgan and Elliott Investment Management.
Ross has also successfully lobbied Vanderbilt University to open a $520 million graduate campus, though construction has yet to commence.
Julia Echikson can be reached at jechikson@commercialobserver.com.
© Shutterstock
The publisher of Encyclopaedia Britannica and America’s Merriam-Webster dictionary is suing $20bn artificial intelligence (AI) company Perplexity alleging it copied its content without permission to power its “answer engine”.
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Integration of Falcon Shield with Salesforce Security Center and Charlotte AI with Agentforce delivers enhanced protection, visibility, and faster response for mission-critical AI agents, applications, and workflows
AUSTIN, Texas, September 16, 2025–(BUSINESS WIRE)–Fal.Con 2025, Las Vegas – CrowdStrike (NASDAQ: CRWD) and Salesforce, the world’s #1 AI CRM, today announced a new strategic partnership to enhance the security of AI agents and applications built on Agentforce and the Salesforce Platform. Through integrations between CrowdStrike Falcon® Shield and Salesforce Security Center, Salesforce admins and security professionals will gain enhanced visibility, compliance support, and protection for mission-critical workflows – simplifying operations and uniting business and security teams on a shared foundation of trust in the agentic era.
The partnership also enables customers to access CrowdStrike’s agentic security analyst, Charlotte AI, through Agentforce for Security and use it to work directly alongside teammates in Slack, flagging potential threats and recommending actions in a conversational manner as any other employee would.
As agents join the workforce, security teams must understand what they are doing, trace them back to their human creators, and prevent them from becoming over privileged or compromised. CrowdStrike and Salesforce are meeting this challenge by delivering the visibility and control needed to secure the future of AI-powered business.
“Adversaries are already targeting AI agents and applications with identity-based attacks. Together with Salesforce, we’re extending the power of the Falcon platform to protect mission-critical workflows and secure the next generation of AI-powered business,” said Daniel Bernard, chief business officer at CrowdStrike. “By integrating Falcon Shield into Salesforce Security Center and bringing Charlotte AI into Agentforce, business and security teams gain a unified view of risk and response – protecting today’s operations while enabling tomorrow’s AI-driven enterprise.”
“A key to unlocking the full potential of agentic AI lies in the ability to secure it,” said Brian Landsman, CEO of AppExchange and Global Partnerships at Salesforce. “Our partnership with CrowdStrike ensures that our customers can build their agentic enterprises on Salesforce while maintaining the highest standards of security and compliance.”
Through the integration of Falcon Shield, which provides visibility and automated response to threats targeting SaaS applications, with Salesforce Security Center, which provides one comprehensive view of permissions and controls across the company’s Salesforce environment, customers gain:
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