Tesla's Tech Appeal Goes Beyond EVs
Portfolio Pulse from Upwallstreet
Tesla Inc (TSLA) shares soared 10% after Morgan Stanley analysts compared the potential of Tesla's Dojo to Amazon Web Services. The analysts believe that Tesla should be viewed as a tech company as much as an EV maker, and that the Dojo supercomputer could boost Tesla's market value by $500 billion. Tesla is also expanding its global footprint with a new gigafactory in Mexico, where it and its suppliers will invest $15 billion over the next two years. Meanwhile, Chinese EV maker Nio Inc (NIO) is set to launch a refreshed EC6 SUV.
September 12, 2023 | 3:28 pm
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POSITIVE IMPACT
Nio Inc is set to launch a refreshed EC6 SUV, indicating the company's continued product development.
The launch of Nio's refreshed EC6 SUV indicates the company's continued product development, which could boost investor confidence and drive up the stock price in the short term.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50
POSITIVE IMPACT
Tesla's shares soared after Morgan Stanley's positive outlook on its Dojo supercomputer. The company's new gigafactory in Mexico also indicates expansion.
The positive outlook from Morgan Stanley on Tesla's Dojo supercomputer and the company's expansion with a new gigafactory in Mexico are likely to boost investor confidence and drive up the stock price in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100