Morgan Stanley analyst Adam Jonas released a research report upgrading Tesla's rating from "hold" to "overweight," raising its 12-18 month price target by 60% to $400, the highest price target on Wall Street, and replacing Ferrari as the bank's "first choice." Analysts predict that Tesla's "Dojo" supercomputer, used to train AI models for its self-driving cars, could give it an "asymmetric advantage" and increase its total market capitalization by nearly $600 billion, or 76%. Dojo can open up new addressable markets far beyond selling cars at a fixed price.
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