Tesla soars 10% after Morgan Stanley says its Dojo supercomputer could add $500 billion to its market cap

Mon, 09/11/2023 - 13:12

Elon Musk smiles and puts his hands together while wearing a suit in front of a black backdrop with white logos — Elon Musk, Chief Executive Officer of SpaceX and Tesla and owner of Twitter, at the Viva Technology conference in Paris, France, June 16, 2023.
REUTERS/Gonzalo Fuentes/File Photo

Tesla stock soared 10% on Monday, adding more than $70 billion to its market valuation.
Tesla jumped after Morgan Stanley upgraded the stock and said its Dojo supercomputer could drive 50% more upside.
"The more we looked at Dojo, the more we realized the potential for underappreciated value in the stock," Morgan Stanley said.

Tesla stock soared as much as 10% on Monday, adding more than $70 billion to its market value after Morgan Stanley upgraded the stock to "Overweight."