Tesla shares are on the rise

Tesla shares, of course, are not bitcoin, but they also have impressive volatility, the price can change dramatically compared to other stocks, for example, according to the latest forecasts, the value of securities of the electric car manufacturer can increase by 60 per cent and reach $400 per unit. Of course, this is not a record for the company, but given the current value, the growth promises to be impressive.
Tesla shares are currently trading near the $250 mark, but investment bank Morgan Stanley is positive about the electric car maker's prospects and has raised its target on the stock to $400 in its new forecast. In addition, the bank upgraded their rating to "above market average" and this has given a real boost, the value of the company's securities reacted with growth to the rating changes. Morgan Stanley argues its positive attitude to the active development and implementation of artificial intelligence in production processes.

Tesla shares are on the rise

Tesla has developed and continues to improve the Dojo supercomputer, which it started producing in July for AI training. The innovation could markedly increase the carmaker's market value by more than $500bn by accelerating the adoption of robotic cars and software services.
"If Dojo can help cars 'see' and 'react,' what other markets could open up for the company? Think of any device at the edge of the environment, equipped with a camera, that makes real-time decisions based on its field of vision," the bank's experts commented.
According to the analysts, Tesla currently "needs to address challenges around data collection, processing power, speed, efficiency and scalability." Dojo is precisely designed to address these challenges.
FX24

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