Driverless taxi details revealed: JP Morgan analysts believe Dojo will truly make Tesla a technology company.
JP Morgan Research Report: Optimistic about the market prospects of Tesla's Dojo supercomputer, analysts believe it will bring Tesla a market capitalization increase of up to $500 billion.
According to the report, Tesla's Dojo supercomputer can save Tesla up to 6.5 billion US dollars in costs and will accelerate the development process of autonomous driving technology and humanoid robots, bringing it an “asymmetric advantage” in the potentially $10 trillion autonomous driving market.
JP Morgan claims that Dojo has made Tesla more like a technology company, starting with the “car company or technology company” dispute. JP Morgan's report predicts that Tesla's target share price will soar from $250 to $400 over the next 12 months, which means the share price is expected to rise 60%.
The report's optimism about Tesla comes from Tesla's Dojo supercomputer. They believe that it has an “asymmetric advantage” in the potentially $10 trillion autonomous driving market, which will bring Tesla a market capitalization increase of up to 500 billion US dollars (about 3.6 trillion yuan), save Tesla up to 6.5 billion US dollars in costs, and accelerate the development process of autonomous driving technology and humanoid robots.
JP Morgan is very optimistic about the software service value Dojo can bring to Tesla, laying the foundation for Tesla to “eat hard and software” like Apple in the future. JP Morgan predicts that Tesla's network services business will increase its revenue to $335 billion in 2040 from the previous $157 billion. Analyst Adam Jonas (Adam Jonas) said in the report that Dojo can open up new potential markets and will “go far beyond selling cars at fixed prices,” and that the division will account for more than 60% of Tesla's core profits in 2040, double that of 2030.
Tesla is actually committed to being a civilian electric vehicle brand. It needs to achieve its future layout through an “scale-up” approach. This layout does not solely rely on hardware to make money; it also relies on software to make money, and its apps and autonomous driving capabilities. This is its main profit direction in the future.
Dojo will also have an impact on Tesla's businesses. JP Morgan expects Tesla's average revenue per user to increase from $100 to $180, an increase that takes into account additional revenue such as software services. Additionally, shared mobility, third-party battery services, and vehicle sales will also benefit from Dojo's improvements in autonomous driving and software services.
The strike caused huge damage to car companies. According to calculations by the American consulting agency Anderson Economic Group (Anderson Economic Group), if the strike against the Big Three continues for 10 days, they will lose nearly 1 billion US dollars. GM alone lost $3.6 billion during the 40-day strike at UAW in 2019. At a time when traditional car companies are actively transitioning to electric vehicles, this possible strike may benefit Tesla. Wedbush analyst Dan Ives said in a research note that in the event of a strike, Tesla would have a chance to benefit from a competitor's shutdown of production.
Analyst Jonas pointed out in the report that investors have been debating whether Tesla is a car company or a technology company for a long time, and we think Tesla is both. Dojo means Tesla is moving towards its goal of becoming a real tech company.
Dojo is a supercomputer developed by Tesla to train artificial intelligence machine learning and computer vision. Tesla uses video and data from users' vehicles to train this supercomputing system.
Tesla unveiled Dojo for the first time at Tesla AI Day in August 2021. Musk said at the company's earnings conference that Dojo has begun production to train artificial intelligence models for autonomous vehicles, is considering licensing its FSD hardware and software to other car manufacturers, and plans to invest more than $1 billion in Dojo.
Since 2021, Tesla has been highlighting the surprises Dojo supercomputing brings to AI and autonomous driving. Dojo was originally designed to process large amounts of video data, accelerate the iteration of Tesla's Autopilot and fully autonomous driving (FSD) systems, and provide computing power support for Tesla's humanoid robot Optimus. Dojo uses chips and infrastructure designed by Tesla and uses video data from the Tesla fleet to train neural network capabilities.
Tesla previously had a large supercomputer based on Nvidia's GPU, which is one of the most powerful supercomputer clusters in the world. The new self-developed Dojo supercomputer helps Tesla reduce its reliance on Nvidia GPUs.
Musk has stated that the ultimate goal of the Dojo supercomputer is to achieve ExaFlop level computing power per second, that is, capable of performing 10 billion floating-point operations per second, which will make it one of the fastest computers in the world. According to the Global Top 500 supercomputing list released this year, currently only Frontier from the Oak Ridge National Laboratory in the US has reached the level of 10 billion times, while the Japanese supercomputer Fugaku Fugaku, which was once targeted by Tesla, is in second place.
Dojo has the potential to bring significant value to the autonomous driving business and is its greatest potential point. Jonas wrote in the research report, “If Dojo can help cars' see 'and' react ', then what markets can it open up. Imagine any terminal device with a camera and requiring implementation decisions.” He believes that autonomous vehicles have always been known as the mother of all artificial intelligence projects. The advanced supercomputing architecture developed by Tesla has broken through the new boundaries of customized chips and may allow Tesla to occupy a very high share of this potential $10 trillion market.
$10 trillion refers to the potential annual revenue from autonomous taxis when the vehicle is truly autonomous. Currently, Tesla plans to invest more than $1 billion in the Dojo supercomputer project to complete the investment by the end of 2024. Musk has said that Tesla's market value is closely related to the degree of perfection of its future autonomous driving technology. The potential of autonomous driving technology is that its value is very high, and even if only a small portion of the technology is implemented, it will generate huge returns.
Ruthless people have foresight. Most people in the world are ignorant. They are ignorant, stubborn and rebellious, sharp and mean. They are just the icing on the cake. How can anyone give anything in the middle of nowhere?
Elon Reeve Musk is an angel sent by God to help humans solve the problems of clothing, food, lodging, and travel: new energy - solar energy and solar power generation to help humans develop clean energy; smart electric vehicles - solving human travel problems, FSD freeing up part of the human workforce; SpaceX rockets, brain-computer interface technology, Starlink technology,..., which can be extended to solve many important problems,...
If it can solve the human problem of clothing, food, lodging, and travel, what else do you need to do? What else would you like to do? Please obey Monk Fu.
Watching the decline and shorting Tesla itself is a huge joke, but why does God allow it? One is to make people not too proud, and the other is to make people understand that after all, people are still creatures, not the Creator, and fear God. Humanity would be very sad to lose God's love. Rongshenyi talents are the right path on earth, and the right path on earth is vicissitudes. Elias made the video playback link 🔗 settings for this article's views at the end of this article.
People don't understand it, including many self-righteous Wall Street so-called institutional investment banks. Flesh-eaters are despicable and unable to plan anything.
If it can solve the human problem of clothing, food, lodging, and travel, what else do you need to do? What else would you like to do? Please obey Monk Fu.
Watching the decline and shorting Tesla itself is a huge joke, but why does God allow it? One is to make people not too proud, and the other is to make people understand that after all, people are still creatures, not the Creator, and fear God. Humanity would be very sad to lose God's love. Rongshenyi talents are the right path on earth, and the right path on earth is vicissitudes. Elias made the video playback link 🔗 settings for this article's views at the end of this article.
People don't understand it, including many self-righteous Wall Street so-called institutional investment banks. Flesh-eaters are despicable and unable to plan anything.
At the end of the line is a trap. A portion of the huge single level of capital creates a bear trap, allowing new bearish short sellers to go short, then break out of their shell on their own. This is the essence of the current market situation.
The biggest disadvantage and shortcoming of bears is time and not being able to see the sun, so bears are bound to be a short-lived ghost.
The biggest advantage for bulls is time, which can be expensive even if they get caught. You are even more blessed if you buy on the wrong side at a low price.
What applied mathematics does is not that every investment transaction will not be manipulated and generate floating losses in the short term, but they guarantee that they can be unlocked within a short period of time, generating floating profits. If you have better luck, if you have more experience, you may immediately generate profits. This short period will vary depending on the market. Why the rush? Why can't we just relax?
After this round of almost ruthless decline, Elias bought and owned more Tesla shares even though his total assets declined.
Video playback link 🔗:Tesla 2024: Darkness Before Dawn | Tesla 2024: Darkness Before Dawn
Video playback link 🔗:Musk's industry
Video playback link 🔗:Video - Weibo
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成熟投资者：格局，概率，取舍。没有格局必然急功近利。不计概率会把运气当技术。不懂取舍，有所不为，最后必落入陷阱和圈套。
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夜轻歌 : This is a video from six months ago
Elias ChenOP 夜轻歌: People are prescient. Most people in the world are ignorant, blind, stubborn and rebellious, sharp and mean. It's just the icing on the cake. How can anyone give me luck in the middle of nowhere?
夜轻歌 Elias ChenOP: My support for Tesla is to only go long, not short