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☆ Tesla's AI supercomputer has a Silicon Valley town rushing to meet surging electricity demand
▼ + stars: | 2024-08-23 | by ( Alistair Barr | ) www.businessinsider.com time to read: +7 min

One of these huge new AI data centers is being built at a Tesla office in the Silicon Valley town of Palo Alto. Related storiesDuring a presentation about Tesla's Dojo AI supercomputer, engineer Bill Chang said the company's testing used so much power that it overwhelmed a nearby Palo Alto substation. A slide from a Palo Alto city presentation The City of Palo AltoThe substation upgrade is being done at unprecedented speed. It doesn't help that on July 1 Palo Alto increased electric bills by 9%, well ahead of inflation. She also stressed that Palo Alto utility rates were not increased to pay for this substation upgrade.

Persons: —, Elon Musk, Alistair Barr, Tesla, Bill Chang, Palo Alto Alistair Barr Organizations: Service, Business, Workers, Palo Alto, Palo, Hanover Substation Locations: Silicon, Palo Alto, CPAU, Palo, Hanover

☆ Elon Musk doubles down on Tesla's Dojo supercomputer, aiming to compete with Nvidia
▼ + stars: | 2024-07-24 | by ( Erin Snodgrass | ) www.businessinsider.com time to read: +3 min

Read previewElon Musk is barrelling full steam ahead on Dojo — Tesla's supercomputer project and attempt at competing with AI chip superstar Nvidia. Musk acknowledged he is "quite concerned" about Tesla's inability to access the top-tier Nvidia graphics processing units, or GPUs, because of skyrocketing demand for microprocessors within the tech sector. "We do see a path to being competitive with Nvidia with Dojo," Musk said. While the tech company has only become a household name in the last year, Nvidia has been working on its signature chips for years. "We've really got to make Dojo work," Musk said during the call.

Persons: —, Elon, Musk, Tesla, Stephen Witt Organizations: Service, Nvidia, Business, didn't, Dojo, NPR, Yorker, CNBC, Mizuho Securities

☆ Morgan Stanley loves these 4 tech stocks which provide parts for Tesla's supercomputer
▼ + stars: | 2023-09-15 | by ( Amala Balakrishner | ) www.cnbc.com time to read: +3 min

Morgan Stanley has revealed a list of global stocks it likes, with four of them providing parts for Tesla 's supercomputer system. Morgan Stanley says its list of tech stocks are "well-positioned for US hyperscalers' acceleration of custom chip design," especially since custom chips are expected to outgrow the AI graphics processing units in the long term. Powering Tesla's Dojo In its research note, Morgan Stanley pointed out that Taiwan Semiconductor Manufacturing Company is the wafer foundry vendor for Tesla's Dojo 1 (D1) and Dojo 2 (D2). Morgan Stanley raised their price target on AIchip to 2,880 Taiwanese dollars, a 14% upside from its Sept. 12 price. They have priced the stock at 95,000 Korean won ($71.45), giving it a 35% upside from its Sept. 12 price.

Persons: Morgan Stanley, Tesla, Morgan Stanley's, — CNBC's Michael Bloom Organizations: Tesla's, Taiwan Semiconductor Manufacturing Company, Samsung, Nvidia, NVIDIA Locations: Korean, HBM

☆ Tesla shares soar 10% after Morgan Stanley upgrade
▼ + stars: | 2023-09-11 | by ( Lora Kolodny | ) www.cnbc.com time to read: +3 min

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

☆ Morgan Stanley upgrades Tesla and makes it a top pick with analyst Adam Jonas predicting 60% rally
▼ + stars: | 2023-09-11 | by ( Brian Evans | ) www.cnbc.com time to read: +2 min

Morgan Stanley's widely followed auto analyst Adam Jonas thinks Tesla is on the verge of a major leap in autonomous driving. The analyst upgraded Tesla stock to overweight from equal weight, with a new $400 per share price target, up from $250. The analyst also moved Tesla to the top pick column at Morgan Stanley. Jonas previously downgraded Tesla stock in June over worry that shares were overheated after a massive rally. Tesla shares were up more than 5% in premarket trading on the Morgan Stanley call.

Persons: Morgan Stanley's, Adam Jonas, Tesla, Morgan Stanley, Jonas, Tesla's, — CNBC's Michael Bloom Organizations: Investors, Dojo, Tesla, Nvidia

☆ Elon Musk spoke about crystal balls, bank lending, self-driving cars and lithium refineries this week. Here are his 10 best quotes from Tesla's Q1 earnings call.
▼ + stars: | 2023-04-22 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +4 min

Elon Musk spoke about banks, self-driving cars, crystal balls, and lithium refineries this week. He warned of "stormy weather" ahead and said rate hikes, layoff fears, and bank lending are worries. (Musk was discussing Tesla's Dojo's supercomputer platform, and nodding to the failure of Silicon Valley Bank and Signature Bank in March.) (Musk was hinting at a possible credit crunch if banks, facing deposit outflows and the prospect of further bank runs, pull back on lending.) (Musk was outlining his vision of eventually rolling out autonomous driving to all Tesla vehicles via a software update, allowing them to serve as robotaxis and generate income.)

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