"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.
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