Adam Jonas News

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The note dated Sunday was the latest from analyst Adam Jonas, a longtime Tesla bull who has praised the company's push beyond autos as sales face pressure from high U.S. borrowing costs and fierce Chinese competition including from BYD.

You have to love the temerity of Elon Musk. He took to one of his companies, X, formerly known as Twitter, to lay out his requirements to the board of another, Tesla, for the new pay package he would like to receive. His last package, in 2018, was worth $55 billion and is still subject to lawsuits by ungrateful shareholders who participated in a windfall none could have anticipated, the company’s market cap rising tenfold in six years.

Tesla rallied 6% on Monday after Morgan Stanley said its Dojo supercomputer could power a near $600 billion surge in the electric-car maker's market value by helping speed up its foray into robotaxis and software services. Tesla, already the world's most valuable automaker, started production of the supercomputer to train artificial intelligence (AI) models for self-driving cars in July and plans to spend more than $1 billion on Dojo through next year. Dojo can open up new addressable markets that «extend well beyond selling vehicles at a fixed price,» Morgan Stanley analysts led by Adam Jonas wrote in a note on Sunday. «If Dojo can help make cars 'see' and 'react,' what other markets could open up? Think of any device at the edge with a camera that makes real-time decisions based on its visual field.» The Wall Street brokerage upgraded Tesla's stock to «overweight» from «equal-weight» and replaced Ferrari's U.S.-listed shares with it as «top pick». Morgan Stanley raised its 12-18 month target on Tesla's shares by 60% to $400 — the highest among Wall Street brokerages, as per LSEG data — which, it estimated, would give the EV maker a market capitalization of about $1.39 trillion. That is about 76% higher than Tesla's market value of about $789 billion, based on the stock's close of $248.5 on Friday.

(Reuters) -Tesla's Dojo supercomputer could power a near $600 billion jump in the automaker's market value by boosting the adoption of robo-taxis and its software services, Morgan Stanley analysts said, sending the electric vehicle maker's shares up 6% in premarket trading on Monday.

Tesla, already the world's most valuable automaker, started production of the supercomputer to train artificial intelligence (AI) models for self-driving cars in July and plans to spend more than $1 billion on Dojo through next year.

Tesla Inc.’s Dojo supercomputer may add as much as $500 billion to the company’s market value through faster adoption of robotaxis and network services, according to Morgan Stanley.

Tesla's supercomputer, Dojo, to train AI models for autonomous cars could give the electric vehicle maker an «asymmetric advantage» and boost its market capitalization by nearly $600 billion, or 76%, Morgan Stanley estimated. Tesla started production of Dojo in July and plans to spend more than $1 billion through next year.

Check out the companies making the biggest moves in premarket trading:

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Check out the companies making the biggest moves in premarket trading: