Tesla's DOJO Technology Set to Skyrocket Company's Value to $500 Billion: Report
Morgan Stanley predicts that Tesla's supercomputer, Dojo, could increase the automaker's enterprise value to $500 billion. The investment bank upgraded Tesla's rating to Overweight and raised its price target to $400 per share. Morgan Stanley believes that Tesla's progress with Dojo positions it as both an auto and tech company, with software and services potentially becoming its main source of revenue. Dojo's impact on industries such as autonomous robotaxis and Tesla Network Services could significantly contribute to Tesla's value. Elon Musk has hinted that Dojo could have applications beyond Tesla's Full Self-Driving system.