Today, Morgan Stanley raised their price target to $400 due to Tesla's Dojo as a service, and it's their top stock pick. While currently Tesla's money maker is their cars, their services will eventually go beyond that. Think AMZN, from books to AWS. Tesla focuses on being the best at what they do and currently has the best assembly line process. Other car companies are trying to copy Tesla. Eventually, all other services will come to fruition, i.e. FSD, Robotaxis, Robots.
As a side note, Elon mentioned in public that he thought Tesla was a 3 to 4 trillion dollar company. But in a biography he said to his team that robotaxis as a service alone would make Tesla a $10 trillion company. Currently $778B.
https://www.wsj.com/livecoverage/stock-market-today-dow-jones-09-11-2023/card/tesla-stock-price-could-hit-400-thanks-to-dojo-supercomputer-morgan-stanley-says-cBnQS2XNCe6X3wcBAWvg
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