Tesla’s Dojo Supercomputer Boosts Stock Price, Morgan Stanley Report Shows
Tesla’s Stock Rises on Positive Dojo Supercomputer Report
Tesla’s stock is rising in pre-market trading on an optimistic new report about the automaker’s Dojo supercomputer coming from Morgan Stanley.
Dojo Supercomputer Enhances Tesla’s AI Capabilities
Dojo is Tesla’s own custom supercomputer platform built from the ground up for AI machine learning and video training using data from its fleet of vehicles.
- Tesla already has powerful NVIDIA GPU-based supercomputer clusters.
- Dojo uses custom-designed chips and infrastructure by Tesla.
- It enhances Tesla’s capacity to train neural nets using video data.
Progress and Potential of Dojo Supercomputer
Tesla unveiled Dojo at its AI Day in 2021 and has been gradually ramping up its capabilities.
- Dojo came into operation this summer.
- Tesla plans to reach a 100 Exa-flop capacity by the end of 2024.
Morgan Stanley Report Highlights Dojo’s Value
Morgan Stanley analyst Adam Jonas believes Dojo could add about $500 billion in value to Tesla.
- Dojo gives Tesla an advantage in the autonomous car market.
- It could become a direct revenue-generator for Tesla.
Morgan Stanley Raises Tesla’s Stock Price Target
Morgan Stanley has raised its price target on Tesla’s stock price from $250 to $400.
- Price target changes per business unit:
- Autonomous driving: +$200
- Energy: +$50
- Software: +$50
- Other: +$50
Stock Surge and Other Factors
Tesla’s stock was up by as much as 6% in pre-market trading following the release of the note.
Other factors contributing to the surge include the potential of a UAW strike, which could benefit Tesla in the US market.
