Think of any device at the edge with a camera that makes real-time decisions based on its visual field
“If Dojo can help make cars ‘see’ and ‘react’, what other markets could open up? Think of any device at the edge with a camera that makes real-time decisions based on its visual field,” Jonas said. The Wall Street brokerage upgraded its recommendation on Tesla’s stock to “overweight” from “equal-weight” and made it its “top pick”, replacing Ferrari’s US-listed shares. Tesla shares were up nearly 5% at $260.35 in pre-market trading.
Morgan Stanley raised its 12-18 month target on the shares by 60% to $400 — the highest among Wall Street brokerages — which, it estimated, would give the EV maker a market capitalisation of about $1.4-trillion. That compares with its current market value of about $789-billion, after the stock closed at $248.5 on Friday.The analyst raised his estimate for revenue from Tesla’s network services business to $335-billion in 2040, from previous forecast of $157-billion.