Tesla shares rose 10% in just one day of trading on Monday after investment bank Morgan Stanley upgraded its outlook for the automaker’s “Dojo” supercomputer, Markets Insider reported.

Share gains have boosted Tesla’s market capitalization by $70 billion, and analysts at Morgan Stanley say they are the “best pick” despite the automaker’s recent scandals.

The optimism of investment bank analysts regarding the performance of Tesla shares is largely explained by the supercomputer “Dojo”, on which the company under the leadership of Elon Musk worked for 5 years.

Reuters notes that Tesla, already the world’s largest carmaker by market capitalization, this July put into production a supercomputer designed to train artificial intelligence (AI) models for use in its self-driving cars, and that it plans to spend another billion dollars next year to improve Dojo.

Analysts believe that the supercomputer “Dojo” will open up new opportunities for Tesla, in addition to the production of cars.

Analysts at Morgan Stanley noted in a report published late last week that Dojo could open up new markets for Tesla “that go far beyond selling cars at a fixed price.”

“If Dojo can help machines ‘see’ and ‘act’, what other markets can it open up? Think of any high-end device equipped with a camera that can make real-time decisions based on its field of vision,” the investment bank’s analysts also noted.

Morgan Stanley estimates that Tesla’s share price could reach $400 in the next 12 to 18 months, given that it is currently trading at $278, even after Monday’s rally.

If their predictions are correct, Tesla’s total market value will rise to about $1.4 trillion, nearly 80% higher than it was at last Friday’s close.

In October 2021, Tesla became the first car manufacturer in history to exceed one trillion dollars in market capitalization, the Elon Musk-led company falling below that level again as a result of the spectacular drop in its stock last year.

PHOTO article: Sergiomonti, Dreamstime.com.