(Reuters) - Tesla's supercomputer, Dojo, to train AI models for autonomous cars could give the electric vehicle maker an
"asymmetric advantage" and boost its market capitalization by nearly $600 billion, or 76%, Morgan Stanley estimated.Dojo can open up new addressable markets that"extend well beyond selling vehicles at a fixed price," Morgan Stanley analysts, led by Adam Jonas, said in a note published on Sunday.
The Wall Street brokerage upgraded its recommendation on Tesla's stock to"overweight" from"equal-weight" and made it their"top pick," replacing Ferrari's U.S.-listed shares. That compares with its current market value of about $789 billion, after the stock closed at $248.5 on Friday.The analyst raised his estimate for revenue from Tesla's network services business to $335 billion in 2040, from $157 billion previously.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Tesla to Surge Thanks to Dojo Supercomputer, Morgan Stanley SaysTesla 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.
Read more »
Morgan Stanley Favors Treasuries in Clash With Wall Street PeersMorgan Stanley has pushed back against Treasury bears, saying investors should buy US sovereign debt as markets may be too optimistic over the prospect of a soft-landing for the economy.
Read more »
Morgan Stanley Favors Treasuries in Clash With Wall Street Peers(Bloomberg) -- Morgan Stanley has pushed back against Treasury bears, saying investors should buy US sovereign debt as markets may be too optimistic over the prospect of a soft-landing for the economy.Most Read from BloombergTrudeau Is Stuck in India With Faulty Aircraft After Hearing Criticism From ModiIndia’s G-20 Win Shows US Learning How to Counter China RiseMeloni Tells China That Italy Plans to Exit Belt and RoadBiden Doubts China Able to Invade Taiwan Amid Economic WoesBoss of Failed Cryp
Read more »
Person Thought They Were Saving Cash With A Sweet Gas Station Deal, 5 Years Later Discover OtherwiseThis internet user took to one of Reddit’s communities to tell its members a tale of how they accidentally spent $600 on car washes over the course of 5 years!
Read more »
Tesla and China Risk Leaving Volkswagen on a Road to NowhereAutomotive powerhouse is under pressure to step up its electric-vehicle strategy, and fast.
Read more »