Tesla's Stock Soars as Morgan Stanley Predicts $500 Billion Boost from Dojo Supercomputer"

Benzinga

Tesla's stock rose in pre-market trading on Monday after Morgan Stanley released a report highlighting the potential value of Tesla's Dojo supercomputer in enhancing its self-driving technology. The analysts believe Dojo could give Tesla a significant advantage in the autonomous car market, potentially adding $500 billion in value. As a result, Morgan Stanley raised its price target on Tesla's stock from $250 to $400. The potential UAW strike could benefit Tesla by opening up the market if it negatively affects its competitors.

Transcript

00:00 It's Benzinga and here's what's on the block.

00:02 Tesla stock rose in pre-market trading on Monday after Morgan Stanley released a report

00:06 highlighting the potential value of Tesla's Dojo supercomputer in enhancing its self-driving

00:10 technology.

00:12 The analysts believe that Dojo could give Tesla a significant advantage in the autonomous

00:15 car market, potentially adding $500 billion in value.

00:18 As a result, Morgan Stanley raised its price target on Tesla stock from $250 to $400.

00:23 The potential UAW strike could benefit Tesla by opening up the market if it negatively

00:27 affects their competitors.

00:28 For all things money, visit Benzinga.com.

00:30 [BLANK_AUDIO]

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