Morgan StanleyAnalyst Adam Jonas released a research report, which willTeslaRating upgraded to overweight from hold, 12-18 month price target raised 60% to $400, the highest price target on Wall Street, and replacedFerrariListed as "preferred" for this row. Analysts expect Tesla's supercomputer "Dojo" used to train AI models for autonomous vehicles could give it an "asymmetric advantage" and add nearly $600 billion, or 76%, to its total market capitalization. Dojo could open up new addressable markets far beyond selling cars at fixed prices. Analysts raised their revenue forecast for Tesla's Web Services business to $335 billion in 2040 from $157 billion previously, with the division expected to account for more than 60% of Tesla's core earnings by 2040, nearly doubling from 2030. This growth is mainly driven by the new opportunities the bank sees in third-party fleet licensing and an increase in ARPU (average monthly revenue per user).Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
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