Menu

Blog

Sep 14, 2023

Tesla’s Dojo supercomputer could fuel a $500 billion jump

Posted by in categories: Elon Musk, energy, finance, supercomputing

Morgan Stanley released a report Monday, predicting a semiconductor-driven hopeful outlook for Musk’s company.

Tesla’s shares were up 9.5 percent yesterday. But what drove them up?

The investment banking firm issued a research note that upgraded the Elon Musk-owned automotive company’s rating from ‘equalweight’ to ‘overweight’ with a price target of $400 from a prior price target of $250. An ‘overweight’ rating means that the analysts, in this case Morgan Stanley (MS), expects Tesla’s stock to outperform its industry in the market.


Wikimedia Commons.

A Morgan Stanley research report.

Comments are closed.