- Tesla stock soared 10% on Monday, adding more than $70 billion to its market valuation.
- Tesla jumped after Morgan Stanley upgraded the stock and said its Dojo supercomputer could drive 50% more upside.
- “The more we looked at Dojo, the more we realized the potential for underappreciated value in the stock,” Morgan Stanley said.
Tesla stock soared as much as 10% on Monday, adding more than $70 billion to its market value after Morgan Stanley upgraded the stock to “Overweight.”
Morgan Stanley’s renewed bullishness towards the electric vehicle company is driven by the upside potential in its Dojo supercomputer, which the bank says can add another $500 billion to Tesla’s market value.
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