WHAT IS TESLA?
It is an automotive and clean energy company. The CEO of Tesla company is Elon Musk. The chairperson of the Tesla company is Robyn Denholm. It was founded on July 1, 2003, in San Carlos, California, US. Its headquarters are in Texas, Austin, Texas US. Their products are model 3, model S, model X, model Y, semi, power wall, mega pack, solar panels, and solar roof.
They also provide services like charging, insurance, and maintenance. They served their products and services in these areas: East Asia, Europe, the Middle East, North America, Oceania, and Southeast Asia. The industry is automotive, and renewable energy. The owner of the Tesla company is Elon Musk. Their subsidiaries are Tesla Automation and Tesla Energy. It is one of the most reported companies. In February 2004 Elon Musk invested $6.5 million and he became the company’s largest shareholder. Martin Eberhard and Marc Tarpenning are the founders of its company. The company name gives tribute to Nikolai Tesla.
WHY TESLA STOCK ACCELERATING TODAY?
On Monday morning investors are sending it shares up more than 7%. A Wall Street analyst saying bullish about it, predicting it could add upward of $500 billion to the company’s enterprise value. Basically, it is known for electrical vehicles, but the company is best in another area as well. Adam Jonas mainly focuses on Tesla’s dojo supercomputer operation.
Tesla is boosting his price target from $250 to $400. Jonas believes that the same technique that pushed Amazon’s business for 70% earnings can work for Tesla opening up a new addressable market that extends well beyond selling vehicles at a fixed price. Right now it’s Dojo is more focused on internal effort. Morgan Stanley also estimates Tesla’s network service will generate upward of $335 billion in sales by 2040. Investors should know that these predictions are based on potential.
TESLA SHARES SOAR 10% AFTER MORGAN STANLEY UPGRADE:
On Monday there was a rise of more than 10% in shares of Tesla after Morgan Stanley. Morgan Stanley said that it should be viewed as a tech company. Tesla boosted its price target to $400 from $250 on Monday. Morgan Stanley also believes that Dojo is going to add up $500 billion to company’s value. In July Elon musk also said that tesla is going to spend $1 billion on Dojo.
He is also planning to develop Dojo, so Dojo can help with AI machine learning. It is also uses some video and data from it’s customers to improve their existing software and develop new feature. Adam jonas also wrote in his note on Monday, “Although Dojo is still early in its development, we believe that its application long term can extend beyond the auto industry.
Dojo is designed to process visual data which can lay the foundation for vision-based AI models such as robotics, and healthcare. In our view, once Tesla makes headway on autonomy and software, third-party Dojo service can offer investors the next leg of Tesla’s growth story. Morgan Stanley believes that Tesla is going to generate $2,160 in revenue every month in 2030 from its vehicle.
MORGAN STANLEY:
The founder of Morgan Stanley is Henry Sturgis Morgan, Harold Stanley, Dean G. Twitter and Richard A. Reynold. It is an investment bank in America. It has offices in 41 countries. It has more than 75000 employees. Its headquarters are in the Morgan Stanley building in New York City, New York US. The key people of Morgan Stanley are James P. Gorman is the chairman and CEO.
Co president is ted pick and Andy Saperstein CFO is Sharon yeshaya. It’s subsidiaries are Morgan Stanley wealth management, e trade, eat on dance, sodium. Morgan Stanley formed by JP Morgan with Henry sturgis Morgan, Harold Stanley and others. It came into force on September 16 1935. According to reports, in the first year company operated a 24% market share in public offering and private placements.
ELON MUSK:
Elon Musk was born on June 28 1971. He completed his education from University of Pennsylvania. He is the CEO of tesla company. He is the founder and CEO of Space X. He is the owner of Twitter. He is the president of the Musk Foundation. His parents name is Errol Musk and Maye Musk. He born in South Africa
CONCLUSION:
So, the conclusion is that there is an increase in it shares by 10% after Morgan Stanley. According to forbes calculation , musk is the it’s largest individual shareholder. His worth $261 billion. Elon Musk is the richest person in the world. Even Bernard Arnault also said that musk is got richer alone on Monday nearly $19 billion. Elon musk is going to spend $1 billion on dojo.
It is planning to develop Dojo, so dojo can help with development of AI machine learning. Jonas also wrote that “ dojo may have the capability to be the core of the muskonomy” . It is also boost his price target to $400 from $250 on Monday. It is an electrical vehicle company. CEO of tesla company is Elon musk.
Stay tuned for next blog guyss
