To the moon, once again?
$Morgan Stanley(MS.US$ ’s analyst team has recently unearthed a goldmine for Tesla – the Dojo AI. According to Morgan stanley, Dojo could potentially increase Tesla’s market value by up to $500 billion, with a target price of USD 400
Morgan Stanley states that Tesla, originally perceived as an automotive company, is now resembling more of a technology company, with its future primary revenue sources expected to be derived from software and services.
What is Dojo?
Since 2021, Tesla has been emphasizing the Dojo system that empower the artificial intelligence and autonomous driving. In July of this year, Elon Musk announced plans to invest over $1 billion in this project by the end of 2024.
Dojo’s primary role is to train Tesla’s fully autonomous driving system. Dojo could also expand into other applications, as Musk revealed in June that it had been online and operational for several months, not limited solely to Tesla’s fully autonomous driving.
The furure of $Tesla(TSLA.US$ is more exciting with the evolving Dojo , which is expected to play a major role in the company’s ecosystem after 2024.
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