Tesla ($TSLA) is riding high with a jaw-dropping upgrade from Morgan Stanley ($MS), catapulting the stock's value by over 22 points.
MS shifted its stance from "Equal Weight" to "Overweight" and set a dazzling price target at $400, hinting at a potential 50% surge from its current standing. What's sparking this surge? It's all about Tesla's Dojo supercomputer, set to revolutionize Full Self-Driving (FSD).
Elon Musk's excitement during the Q2 earnings call, claiming Dojo would make current metrics "look silly," is turning heads. But can Tesla deliver on its FSD promises? While Musk talks of full self-driving this year, skepticism abounds.
The timeline for a Tesla robotaxi service remains uncertain. Amidst these shifts, Tesla is slashing vehicle prices to boost deliveries, prioritizing volume over margins. Musk's gamble is clear: more Teslas now mean more FSD revenue later.
Watch the video for insights into this Tesla surge, breakout patterns, and key targets.
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