🧵 1. Tesla surges 6%, Morgan Stanley predicts $600 bln boost as Dojo supercomputer accelerates robotaxis and software services. #business
🧵 1. Tesla surges 6%, Morgan Stanley predicts $600 bln boost as Dojo supercomputer accelerates robotaxis and software services. #business
🧵 2. Dojo could open new markets beyond vehicle sales by enhancing real-time decision-making for devices with cameras, says Morgan Stanley.
🧵 3. Morgan Stanley upgrades Tesla to "overweight," sets 12-18 month target at $400 - highest on Wall Street. Market cap could reach $1.39 trillion.
🧵 4. Dojo expected to drive value in software and services, revenue estimate for Tesla's network services business raised to $335 billion in 2040.
🧵 5. Tesla's market value surges to $789 billion, 12-month forward P/E ratio at 57.9, far surpassing legacy automakers Ford and General Motors.
🧵 Read more at: https://www.reuters.com/business/autos-transportation/tesla-supercomputer-could-boost-ev-makers-market-cap-by-600-bln-morgan-stanley-2023-09-11/
Nice to see Tesla up, I'll be participating in the Neuralink funding round