Morgan Stanley is one of Musk's key advisory firms, including on the $44 billion takeover of Twitter Inc., now known as X. The supercomputer, designed to handle massive amounts of data in training driving systems, may put Tesla at "an asymmetric advantage" in a market potentially worth $10 trillion, said Jonas, and could make software and services the biggest value driver for Tesla from here onward. The next version of Tesla's full self-driving system, expected by year-end, and the company's Artificial Intelligence day in early 2024 are worth watching, he added. The stock slipped about 4.2% since Jonas cut the recommendation on the stock to neutral in June. Tesla has been mentioning how Dojo gives it an edge in AI and self-driving technology since at least 2021. In July this year, CEO Elon Musk told investors that the carmaker plans to invest more than $1 billion on the project by the end of 2024.