Options Market Statistics: Tesla Jumps as Analyst Predicts $600 Billion Value Boost From Dojo, Options Pop

Tesla's Dojo supercomputer may add as much as $500 billion to the company's market value through faster adoption of robotaxis and network services, according to Morgan Stanley.

Dojo can open up "new addressable markets," just like AWS did for Amazon.com Inc., analysts led by Adam Jonas wrote in a note, upgrading the stock to overweight from equal-weight and raising its 12-month price target to a Street-high $400 per share from $250. Shares of Tesla, which have already more than doubled this year, were on track to add about $62 billion in market value.

Bipartisan talks over a marijuana banking bill were "very productive" over the August recess, the office of the lead GOP Senate sponsor told Marijuana Moment, and a key Democratic chairman said an agreement on advancing the legislation is "imminent."

Senate Banking Chair Sherrod Brown (D-OH) confirmed that lawmakers are closing in on a bipartisan agreement to move ahead with the legislation (PoliticoPro), which follows similar assurances from Senate Majority Leader Chuck Schumer last week.

Amazon.com Inc.'s stock secured its almost highest close in more than a year Monday as enthusiasm continues to build for the e-commerce giant's potential to improve the financial performance of its retail business.

UBS analyst Lloyd Walmsley weighed in positively on Amazon's e-commerce business Sunday, writing that he saw a path for the company to realize double-digit North America retail margins over time, and to hit 8% or 9% in 2025. For context, the consensus view currently calls for 5.4% North America retail margins in 2025.

While Walmsley kept his buy rating and $175 price target on Amazon shares unchanged, he's encouraged by recent developments, including an enhanced arrangement with $Shopify(SHOP.US)$ and new fees for its Seller Fulfilled Prime program.