Morgan Stanley says AI trained autonomous cars could give the EV maker an ‘asymmetric advantage’.
Tesla started production of the Dojo system in July and intends to invest over US$1 billion through the next year.
Tesla started production of Dojo in July and plans to spend more than US$1 billion through next year. “If Dojo can help make cars ‘see’ and ‘react,’ what other markets could open up? Think of any device at the edge with a camera that makes real-time decisions based on its visual field,” Jonas said. Morgan Stanley raised its 12-18 month target on Tesla’s shares by 60% to US$400 – the highest among Wall Street brokerages as per LSEG data – which, it estimated, would give the EV maker a market capitalisation of about US$1.39 trillion.
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