Tesla (TSLA) stock surges from optimistic look at Dojo supercomputer

$Tesla(TSLA.US)$ Tesla’s (TSLA) stock is rising in pre-market trading on an optimistic new report about the automaker’s Dojo supercomputer coming from Morgan Stanley. The firm massively increased its price target on Tesla’s stock because of it. The analyst argued that Dojo alone could add about $500 billion in value to the company.

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Dojo is Tesla’s own custom supercomputer platform built from the ground up for AI machine learning and, more specifically, for video training using the video data coming from its fleet of vehicles.

On top of accelerating its self-driving effort, Morgan Stanley discusses the potential of Dojo becoming a direct revenue-generator – something that CEO Elon Musk has suggested before.

Source: Electrek

The new factoring-in of Dojo has resulted in Morgan Stanley raising its price target on Tesla’s stock price from $250 to $400, which is a massive change for large firm like Morgan Stanley. Here’s the breakdown of the price target change per business unit:

Source: Electrek

Source:

Tesla (TSLA) stock surges from optimistic look at Dojo supercomputer - Electrek

$BYD COMPANY(01211.HK)$ $BYD Co.(BYDDF.US)$ $S&P 500 Index(.SPX.US)$ $Nasdaq Composite Index(.IXIC.US)$ $Tesla(TSLA.US)$ $VOLKSWAGEN A G(VWAGY.US)$ $NIO Inc(NIO.US)$ $Li Auto(LI.US)$ $XPeng(XPEV.US)$ $General Motors(GM.US)$ $Ford Motor(F.US)$ $Rivian Automotive(RIVN.US)$ $MERCEDES-BENZ GROUP AG(MBGAF.US)$ $TOYOTA MOTOR CORP(TOYOF.US)$ $GEELY AUTO(00175.HK)$ $Lucid Group(LCID.US)$ $Stellantis NV(STLA.US)$

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