Tesla supercomputer could boost EV maker's market cap by $600 billion -Morgan Stanley

  • 📰 SaltWire Network
  • ⏱ Reading Time:
  • 24 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 63%

Belgique Nouvelles Nouvelles

Belgique Dernières Nouvelles,Belgique Actualités

(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.

 

Merci pour votre commentaire. Votre commentaire sera publié après examen.
Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 45. in BE

Belgique Dernières Nouvelles, Belgique Actualités