Morgan Stanley analysts predict that the Dojo supercomputer could potentially trigger a near $600 billion increase in Tesla's market value by accelerating its entry into the robotaxis and software services sectors. They suggest that Dojo could help Tesla tap into new markets that "extend well beyond selling vehicles at a fixed price."
Key takeaways:
- Peter Bannon, a former Apple executive and director at Tesla for the last seven years, is now leading the Dojo supercomputer project after the departure of Ganesh Venkataramanan.
- The Dojo supercomputer was designed to process vast amounts of data and video from Tesla cars to train the automaker's autonomous-driving software.
- Tesla started production of the supercomputer in July and plans to spend more than USD 1 billion on Dojo through the next year.
- Morgan Stanley analysts predict that Tesla's Dojo supercomputer could power a near $600 billion surge in the company's market value by speeding up its foray into robotaxis and software services.