Tesla’s rallied more than 10% on Monday after Morgan Stanley predicted the electric vehicle maker’s Dojo supercomputer would add up to $500 billion to the company’s market value.
The investment bank also raised Tesla’s 12-month price target from $250 per share to $400 per share — a Wall Street-high. A group of Morgan Stanley analysts upgraded Tesla’s stock to “overweight” from “equal-weight,” prompting the electric vehicle company’s share price to rally over 10% Monday afternoon.Dojo tech could also prove to be immensely valuable in the adoption of robotaxis and network services, bringing Tesla’s current market value of $853.34 billion over the $1.
Elon Musk has teased that Tesla is working on v12 of its Full Self-Driving software, which will see drivers using their finger to plan a route and then taking their hands off the wheel in the company’s newest self-driving update.Last month, Musk was seen cruising through the Bay Area testing the electric car’s new self-driving software, though involving the company’s autopilot feature saw the 52-year-old nearly running a red light.
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Tesla supercomputer could boost EV maker's market cap by $600 billion -Morgan Stanley By ReutersTesla supercomputer could boost EV maker's market cap by $600 billion -Morgan Stanley
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