Tesla’s Dojo dominates Wall Street markets
<img width="250" height="167" src="https://www.leaprate.com/wp-content/uploads/2023/09/FIN-LP-Teslas-Dojo-dominates-Wall-Street-markets-5145785432iStock-1386070484-250×167.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="" decoding="async" style="float: left; margin-right: 5px;" link_thumbnail="" srcset="https://www.leaprate.com/wp-content/uploads/2023/09/FIN-LP-Teslas-Dojo-dominates-Wall-Street-markets-5145785432iStock-1386070484-250×167.jpg 250w, https://www.leaprate.com/wp-content/uploads/2023/09/FIN-LP-Teslas-Dojo-dominates-Wall-Street-markets-5145785432iStock-1386070484-700×467.jpg 700w, https://www.leaprate.com/wp-content/uploads/2023/09/FIN-LP-Teslas-Dojo-dominates-Wall-Street-markets-5145785432iStock-1386070484-768×512.jpg 768w, https://www.leaprate.com/wp-content/uploads/2023/09/FIN-LP-Teslas-Dojo-dominates-Wall-Street-markets-5145785432iStock-1386070484-120×80.jpg 120w, https://www.leaprate.com/wp-content/uploads/2023/09/FIN-LP-Teslas-Dojo-dominates-Wall-Street-markets-5145785432iStock-1386070484-245×163.jpg 245w, https://www.leaprate.com/wp-content/uploads/2023/09/FIN-LP-Teslas-Dojo-dominates-Wall-Street-markets-5145785432iStock-1386070484-500×333.jpg 500w, https://www.leaprate.com/wp-content/uploads/2023/09/FIN-LP-Teslas-Dojo-dominates-Wall-Street-markets-5145785432iStock-1386070484.jpg 1254w" sizes="(max-width: 250px) 100vw, 250px" /><p><span data-contrast="auto">Analysts from the investment firm noted Tesla as a top-quality stock and, as a result, raised their target levels from $250 to $400 – an almost 20% increase from previous price levels. </span><span data-ccp-props="{"201341983":0,"335559739":160,"335559740":240}"> </span></p>
<p><span data-contrast="auto">Following this price rise, Tesla announced that its in-house Dojo supercomputer could fuel a $500bn jump in the company’s overall market value. Not only is this jump achievable, but market analysts have registered the impressive technologies that Dojo can power.</span><span data-ccp-props="{"201341983":0,"335559739":160,"335559740":240}"> </span></p>
<p><span data-contrast="auto">Adam Jones, Lead Analyst at NTT Data, stated:</span><span data-ccp-props="{"201341983":0,"335559739":160,"335559740":240}"> </span></p>
<blockquote><p><span data-contrast="auto">The more we looked at Dojo, the more we realised the potential for underappreciated value in the stock. […] We believe Dojo can represent the next step-change in market perception of Tesla.</span><span data-ccp-props="{"201341983":0,"335559685":720,"335559739":160,"335559740":240}"> </span></p></blockquote>
<p><span data-contrast="auto">Released data from Tesla suggests that its Dojo artificial intelligence (AI) supercomputer will help to train Tesla’s self-driving vehicles and emerging robotics divisions. In an elaborate announcement, CEO Elon Musk outlined his ambitious plan to invest over $1bn into Dojo by the culmination of 2024, ensuring AI and robotic learning is at the forefront of the company’s brand.</span><span data-ccp-props="{"201341983":0,"335559739":160,"335559740":240}"> </span></p>
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<p><span data-contrast="auto">That being said, some market analysts have exercised caution facing Morgan Stanely’s ratings of the company, with a select few only seeing the raise as a short-term surge. </span><span data-ccp-props="{"201341983":0,"335559739":160,"335559740":240}"> </span></p>
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