As Morgan Stanley projected that Tesla's Dojo supercomputer may increase the company's market value by roughly $600 billion, the stock increased 6% on Monday.
Image Credit :Google
The most valuable company in the world, Tesla, started producing Dojo, a supercomputer that trains Al models for self-driving cars.
Image Credit :Google
Dojo can open up new markets that "go far beyond selling cars at a set price," according to a Sunday analysis by analysts at Morgan Stanley led by Adam Jonas.
Image Credit :Google
What additional markets might open if Dojo is able to make cars "see" and "react"? Think about any edge device that has a camera and can make visual decisions in real time."
Image Credit :Google
The Wall Street brokerage upgraded Tesla's shares from "equal-weight" to "overweight" and replaced Ferrari's U.S.-listed shares as the "top pick".
Image Credit :Google
The Wall Street brokerage Morgan Stanley raised its 12- to 18-month target price on Tesla's stock by 60% to $400, the highest amount, placing the EV manufacturer at a $1.39 trillion market valuation.
Image Credit :Google
That is 76% more than Tesla's $789 billion market value at Friday's closing price of $248.5. On Monday, the stock increased 5.7% to $262.70.
Image Credit :Google