Tesla’s share gained more than 10% on Monday after a Morgan Stanley upgrade. The most shocking news is Tesla selling their AI powered technology to other automakers. Tesla is now more cost-effective in GPU making because it uses its own GPU as much as possible.
Tesla is not taking GPU from Nvidia it’s now using their own GPU. Morgan Stanley analysts argued Tesla is now becoming more tech company rather than an electric vehicle maker. The firm updated its new price target for Tesla shares from $250 to $400.
The potential of Tesla’s Dojo supercomputer is a project and custom silicon will make them a $500 billion value company in the long run. Tesla knows the potential of the Dojo supercomputer that’s why Tesla will spend $1 billion on it by the end of 2024.
The Dojo supercomputer will help with AI machine learning and computer vision training for Tesla’s cars. Tesla also uses its previously sold cars driving video for better training.
Highly bullish Tesla analyst Adam Jonas wrote in his note on Monday,
“Although Dojo is still early in its development, we believe that its applications long-term can extend beyond the auto industry. Dojo is designed to process visual data which can lay the foundation for vision-based AI models such as robotics, healthcare, and security. In our view, once Tesla makes headway on autonomy and software, third-party Dojo services can offer investors the next leg of Tesla’s growth story.”
Tesla also cut down the price of its premium driver assistance system (Full Self-Driving or FSD) from $15,000 to $12,000. These things created weight to Tesla’s share price in recent weeks.
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