SHANGHAI, CHINA - SEPTEMBER 06: Aerial view of Tesla vehicles waiting to be loaded on board a roll-on-roll-off cargo vessel at Nangang port on September 6, 2023 in Shanghai, China.
Morgan Stanley analysts argued that Tesla should be viewed as a tech company as much as an electric car maker.
Morgan Stanley believes Dojo could theoretically add up to $500 billion to the company's value long-term.
Tesla vehicles still only offer advanced driver assistance systems, which require a human behind the wheel, ready to steer or brake at any second.
But after the Morgan Stanley note on Monday, Tesla shares spiked above $272 mid-day.
Persons:
Tesla, Morgan Stanley, Elon Musk, Adam Jonas
Organizations:
Getty, Nvidia, Tesla, Tesla's Dojo, Dojo, Deutsche Bank
Locations:
SHANGHAI, CHINA, Shanghai, China, U.S