Morgan StanleyAnalyst Adam Jonas released a research report that willTeslaRating was upgraded to Overweight from Hold, and the 12-18 month price target was raised by 60% to $400, the highest price target on Wall Street, and replacedFerrariListed as "preferred" for the bank. Analysts predict that "Dojo", Tesla's supercomputer used to train artificial intelligence models of self-driving cars, could give it an "asymmetric advantage" and increase its total market value by nearly $600 billion, an increase of 76%. Dojo can open up new addressable markets far beyond selling cars at a fixed price. Analysts raised their revenue forecast for Tesla's network services business to $335 billion in 2040 from the previous $157 billion, which is expected to account for more than 60% of Tesla's core earnings by 2040, compared with 2030. Growth nearly doubled, an increase largely due to new opportunities the bank sees in third-party fleet licensing and an increase in ARPU (average revenue per user per month).Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
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