(Bloomberg) — Tesla Inc.’s Dojo supercomputer may add as much as $500 billion to the company’s market value through faster adoption of robotaxis and network services, according to Morgan Stanley.
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Dojo can open up “new addressable markets,” just like AWS did for Amazon.com Inc., analysts including Adam Jonas and Daniela M Haigian wrote in a note, upgrading the stock to overweight from equal-weight and raising its 12-month price target to a Street-high $400 per share from $250. Shares of Tesla, which have already more than doubled this year, rose as much as 4% in US premarket trading Monday.
The supercomputer, designed to handle massive amounts of data in training driving systems, may put Tesla at “an asymmetric advantage” in a market potentially worth trillion, they wrote, and could make software and services the biggest value driver for Tesla from here onward. The next version of Tesla’s full self-driving system, expected by year-end, and…
2023-09-11 03:09:28
Source from finance.yahoo.com
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