Tesla Inc (TSLA:NASDAQ) has developed a supercomputer called Dojo that will be used to develop artificial intelligence to drive Tesla cars. According to Morgan Stanley, this is expected to increase the market capitalization of Tesla Inc. by $600 billion. The company started production of this Dojo supercomputer in July this year. The company plans to spend $1 billion on this project by the end of the year. Dojo may open up new business markets that “reach far beyond the sale of vehicles at a set price,” said analysts at Morgan Stanley, led by Adam Jonas. If Dojo can help make cars ‘see’ and ‘react’, what other markets might open up? If we imagine any device with a camera that makes real-time decisions for itself based on its field of view using artificial intelligence, we are already in a science fiction movie such as ,,Tomorrowland”.
Wall Street brokerages upgraded their recommendation on Tesla stock to “overweight” from “equal-weight” and made it a “top pick,” making Tesla (TSLA:NASDAQ) shares a replacement for Ferrari (RACE:NYSE). Tesla shares have posted their biggest gain in eight months, thanks largely to active advertising campaigns and significant discounts on Tesla vehicles sold, but also thanks to rival brands’ unions already on high alert and sounding the alarm for their demands and criteria. Thus, the world’s automakers to maintain their competitive ability have no choice but to keep up with Tesla and try to grab every customer for themselves. On the other hand, these moves may encourage investors who have bought Tesla Inc (TSLA:NASDAQ) stock. Tesla shares also received a major boost from Morgan Stanley, with analyst Adam Jonas setting a high-estimate price target of $400 per share for the short- to medium-term investment horizon, thanks largely to the DOJO supercomputer that will power the electric vehicle company’s artificial intelligence.