This morning, Tesla shares rose on Wall Street after investment bank Morgan Stanley raised their price target by more than 60% – from $250 to $400, and also increased the rating to «above the market average.» Analysts believe that Dojo, a supercomputer that Tesla began producing in July for AI training, can increase the value of the automaker's enterprise by more than $500 billion due to the accelerated introduction of robotic cars and software services. Experts suggest that Dojo may open up new markets where devices equipped with cameras and capable of making decisions in real time based on their field of view will be in demand. The main task of Dojo will be solving problems related to data collection, computing power, speed, efficiency and scalability. As a result of such news, Tesla shares rose by more than 8% to $273.58, and the company's market value reached $857.25 billion. Taking into account the new price target, the capitalization of Tesla may grow to about $ 1.39 trillion. However, it is worth noting that the average price set by analysts for the next 12 months is $256.82, which is 4.3% lower than the current Tesla stock price. The P/E ratio (price to earnings) for Tesla shares is also significantly higher than that of competitors Ford and General Motors, indicating high investor expectations from the company.
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