Tesla Surge +10% on Morgan Stanley Upgrade (Tesla Dojo)

At its core, Dojo isn't just a supercomputer. It's Tesla's bet on gaining a unique edge in the lucrative self-driving market. With its capability to process vast amounts of driving data, Tesla hopes it can capture a chunk of a market that might soon be worth $10 trillion. Watch out as there will be an upgraded self-driving system from Tesla due by the year's end and potentially an AI-focused event in 2024, though Tesla remains tight-lipped on this.

With Dojo, Tesla might be onto something big as Elon recently shared plans to invest over $1 billion in Dojo by 2024, underscoring its importance. For context, tech giant Nvidia invested $7 billion in R&D in 2022. Elon's hefty investment in a single project shows he's eager to fulfill his self-driving promises.

Jump to 2030, and Morgan Stanley is predicting that Tesla could be pocketing a cool $2,160 every month from each vehicle owner. This would come from a myriad of Dojo-enabled services, including software subscriptions in cars, software updates, maintenance, vehicle charging, and even content.