


Tesla stock price surges to record high, market value reaches $868.34 billion
News on September 12, on Monday, the price of Tesla’s stock in the U.S. stock market experienced a significant rise, with an increase of 10.09%, reaching $273.58. This rise made Tesla’s market value reach an astonishing of US$868.34 billion. This means that Tesla's market value increased by a huge US$79.9 billion overnight, equivalent to approximately RMB 582.4 billion. This good news will undoubtedly make Tesla founder Elon Musk overjoyed!
According to market analysis, the reason for the rise in Tesla’s stock price may be related to According to a research report released by Morgan Stanley. It is understood that Morgan Stanley raised Tesla's target share price from $250 to $400, mainly due to their optimistic expectations for Tesla's software and service revenue prospects. The research report states that Tesla’s Dojo project is expected to create an enterprise value of up to US$500 billion for the company, which will be achieved through wider application in mobility (Robotaxi) and network services.
Tesla’s Dojo project is a supercomputer specifically designed to train fully autonomous driving systems. According to my understanding, the Dojo Supercomputing Center started operations in July this year, and it is expected that by February 2024, its computing power will reach a level equivalent to 100,000 Nvidia A100s, becoming one of the top five computing centers in the world. With the commissioning of the Dojo supercomputing center, Tesla's fully autonomous driving technology will usher in faster development. Essence Securities’ report also shows that Tesla’s autonomous driving model has been iteratively upgraded from the traditional Software 1.0 with manually written rules to Software 2.0 based on neural networks
Taken together, Tesla’s market value growth and Morgan Stanley's positive outlook on its software and services revenue reflects the market's high recognition of Tesla's future development prospects. This also provides solid support for Tesla's leading position in the field of electric vehicles and heralds more exciting development possibilities.
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