Latest and Trending Topics


Tesla’s Stock Surges Thanks to High Hopes for Dojo Technology

Tesla’s stock price went up a lot on Monday. This happened because a big company called Morgan Stanley said some positive things about Tesla. They think Tesla can make a lot of money from something other than selling cars. This could make Tesla worth more than $1 trillion.

Here are the main points:

  • Tesla’s stock price went up by about 7% to $265 on Monday. This is the highest it has been in a month.
  • Morgan Stanley is a big company that studies stocks. They used to say “hold” about Tesla’s stock, but now they say “buy.” They also think Tesla’s stock price could go up to $400.
  • Morgan Stanley is excited about something called “Dojo.” Dojo is like a supercomputer that helps Tesla’s self-driving cars. Morgan Stanley thinks Dojo could make Tesla worth an extra $500 billion.
  • Dojo could also help Tesla make money from software. This is a big market, and Tesla could become a major player in it.
  • Some people think Dojo could be important for other companies owned by Tesla’s CEO, Elon Musk, like his social media company and his aerospace company.
  • Elon Musk said Tesla will spend a lot of money on Dojo. Other experts also think Dojo is a big deal.
  • Tesla’s stock has gone up a lot this year, but it’s still not as high as it was before the pandemic.
  • Some experts are not so sure if Dojo will make money from other companies anytime soon. They say it might take a long time.
  • Elon Musk is very rich, even richer than the second-richest person in the world.

In simple terms, Tesla’s stock went up because a big company believes in a technology called Dojo that could make Tesla a lot of money in the future. This made Tesla’s CEO, Elon Musk, even richer.


Your email address will not be published. Required fields are marked *