Tesla's stock increased 6% on Monday on Morgan Stanley's prediction that the company's Dojo supercomputer may increase its market value by roughly $600 billion
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The most valuable company in the world, Tesla, started producing Dojo, a supercomputer for AI model training for autonomous vehicle
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Analysts at Morgan Stanley led by Adam Jonas believe that Dojo can open up new markets that "extend well beyond selling vehicles at a fixed price.
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What other markets might open if Dojo can make cars "see" and "react"? Think of any edge device that has a camera. It produces image in real-time verdicts."
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Tesla was elevated from "equal-weight" to "overweight" and took the place of Ferrari's U.S.-listed shares as the "top pick" by the brokerage on Wall Street.
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The largest Wall Street brokerage, Morgan Stanley, increased its 12- to 18-month target price on Tesla's shares by 60% to $400. brokerages, offering the maker of EVs a worth of the market at $1.39 trillion
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That is 76% more than Tesla's $789 billion market value at Friday's closing price of $248.5. The stock increased to $262.70, 5.7% On Monday.
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