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

Economic Times · 1y ago

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Morgan Stanley estimates that Tesla's supercomputer, Dojo, designed for training AI models for autonomous cars, could potentially increase the company's market capitalization by nearly $600 billion, or 76%. Tesla began production of Dojo in July and plans to invest over $1 billion in it through next year. The supercomputer may open up new markets beyond vehicle sales by enabling devices with cameras to make real-time decisions based on visual input. Morgan Stanley upgraded Tesla's stock recommendation to "overweight" and raised its 12-18 month target to $400, which could result in a market capitalization of around $1.39 trillion.