Tesla shares have soared after a bullish report from Morgan Stanley about the company’s planned Dojo supercomputer.
The supercomputer, designed to handle massive amounts of data in training driving systems, may put Tesla at “an asymmetric advantage” in a market potentially worth $US10 trillion, said Jonas, and could make software and services the biggest value driver for Tesla from here onward.The next version of Tesla’s full self-driving system, expected by year-end, and the company’s potential Artificial Intelligence Day in 2024 are worth watching, he added.
In August 2015, he hiked his price target for the shares by 66 per cent based on his view that Tesla would launch an app-based on-demand mobility service to compete with the likes of Uber and Lyft. Eight years later, Tesla has yet to introduce such a service, and features the company markets as Autopilot and Full Self-Driving require constant driver supervision.