Balanced News: Tesla shares soar 10% after Morgan Stanley upgrade

Tesla shares surged more than 10% following a Morgan Stanley upgrade, which highlighted the potential of Tesla’s Dojo supercomputer project and custom silicon. The firm set a new price target of $400 for Tesla shares, emphasizing the company’s AI technology and the use of its own GPUs instead of relying on chip supply from Nvidia. Morgan Stanley believes Tesla’s Dojo could add up to $500 billion to the company’s value in the long term. The firm also expects Tesla to generate recurring revenue of $2,160 per month from vehicle owners by 2030 through services enabled by Dojo and subscription software.