Tesla increases as analysts anticipate a Dojo value boost of $600 billion
Tesla increases as analysts anticipate a Dojo value boost of $600 billion
After Morgan Stanley predicted that Tesla's Dojo supercomputer would boost the electric vehicle maker's market value by over $600 billion by accelerating its entry into robotaxis and software services, shares of Tesla rose 6% on Monday.
The world's most valuable manufacturer, Tesla, began producing Dojo in July and expects to spend more than $1 billion on it over the course of the following year. Dojo will train AI models for self-driving cars.
Dojo potentially open up new addressable markets that "extend well beyond selling vehicles at a fixed price," according to a note published on Sunday by Morgan Stanley analysts led by Adam Jonas.
What additional markets might emerge if Dojo is successful
in making cars'see' and'react,' I wondered. Consider any edge gadget that has a
camera and makes judgments in real time based on what it sees. The Wall Street brokerage changed Ferrari's U.S.-listed
shares to Tesla's as the "top pick" and upgraded Tesla's stock from
"equal-weight" to "overweight".
