Morgan Stanley Sees Dojo Boosting Tesla’s Value by $500 Billion
- Firm raises target price to Street-high $400 a share
- Analyst sees ‘potential for underappreciated value’ in stock
This article is for subscribers only.
Tesla Inc.’s Dojo supercomputer may add as much as $500 billion to the company’s market value through faster adoption of robotaxis and network services, according to Morgan Stanley.
Dojo can open up “new addressable markets,” just like AWS did for Amazon.com Inc., analysts led by Adam Jonas wrote in a note, upgrading the stock to overweight from equal-weight and raising its 12-month price target to a Street-high $400 per share from $250.