Analysts at Morgan Stanley see Tesla’s Dojo supercomputer boosting the electric vehicle maker’s market value by $600 billion. Dojo will boost the adoption of robotaxis and Tesla’s software services, Morgan Stanley analysts said.
Dojo is used to train artificial intelligence (AI) models for self-driving cars and Tesla plans to spend more than $1 billion on Dojo through next year.
Morgan Stanley analysts sees Dojo opening up new addressable markets that “extend well beyond selling vehicles at a fixed price.”
The Wall Street brokerage also upgraded its recommendation on Tesla’s stock to “Overweight” from “Equal-weight” and made its “top pick,” replacing Ferrari’s U.S.-listed shares .