Bitcoin miners are expanding into high performance computing (HPC) services for the AI market as a way to reduce reliance on cryptocurrency, according to JPMorgan.
Wedbush analyst Dan Ives predicts that Tesla's Supercharger network will generate $10 to $20 billion in annual revenue by 2030, representing 3% to 6% of Tesla's total revenue.
Tesla is predicted to reach a value of $1.00 by the end of the year, and despite mixed opinions on its quality, it is seen as a dominant force in the automotive industry similar to other successful tech companies like Apple, Nvidia, Google, Amazon, and Microsoft.
Tesla's autonomous self-driving software has the potential to become its most lucrative opportunity, according to Cathie Wood of Ark Investment Management, who predicts that Tesla's stock could soar and the company could achieve one of the highest valuations in the world.
Tesla's new version 12 of its full self-driving software represents a significant step towards achieving Level 4 or Level 5 autonomy, as it relies solely on neural networks powered by AI, eliminating the need for human programmers to define specific responses. This development brings Tesla closer to its goal of creating a robotaxi business, which could potentially revolutionize the company's finances and make it one of the most valuable companies in the world.
Elon Musk livestreamed a 45-minute drive in his Tesla Model S using Full Self-Driving technology, which is based on a new concept of machine learning that learns from how humans drive and aims to revolutionize autonomous vehicles and artificial general intelligence.
Tesla's upcoming $25,000 electric car and dedicated robotaxi vehicle will have a futuristic design similar to the Cybertruck, according to details revealed in an authorized biography of Elon Musk.
Tesla is gaining momentum on Wall Street as an artificial intelligence stock.
Tesla's supercomputer, Dojo, has the potential to increase the company's market capitalization by $600 billion, according to Morgan Stanley, as it can train AI models for autonomous cars and open up new markets beyond vehicle sales.
Tesla's stock is rising after an optimistic report from Morgan Stanley about Tesla's Dojo supercomputer, which could add about $500 billion in value to the company and potentially become a direct revenue generator.
Tesla stock surged 10% after a Morgan Stanley analyst upgrade highlighted the potential of the company's artificial intelligence capabilities and software and services revenue.
Tesla's market cap experienced a $70 billion surge after Morgan Stanley published a bullish report on the company's Dojo supercomputer, which is expected to solve hardware problems in AI and potentially contribute to the realization of Elon Musk's vision of full self-driving cars.
Artificial intelligence (AI) chipmaker Nvidia has seen significant growth this year, but investors interested in the AI trend may also want to consider Tesla and Adobe as promising choices, with Tesla focusing on machine learning and self-driving cars, while Adobe's business model aligns well with generative AI.
