"His first move after grabbing coverage was to adjust the price target from $410 to $425, as well as the rating from 'Overweight' to 'Equal Weight.'"
"Tesla continues to lead in autonomous driving, even as Nvidia rolls out new technology aimed at helping other automakers build driverless systems. Percoco's main point regarding Tesla's advantage is the company's ability to collect large amounts of training data through its massive fleet, as millions of cars are driving throughout the world and gathering millions of miles of vehicle behavior on the road. This is the main point that Percoco makes regarding Tesla's lead in the entire autonomy sector: data is King, and Tesla has the most of it."
Andrew Percoco of Morgan Stanley assumed Tesla coverage from Adam Jonas and adjusted the price target from $410 to $425 while changing the rating from Overweight to Equal Weight. Percoco emphasized that Tesla leads autonomous driving by a wide margin, citing the company’s ability to collect vast training data from its global fleet. NVIDIA launched an open-source self-driving program called Alpamayo that integrates LiDAR, Radar, and vision, but Morgan Stanley sees NVIDIA’s announcement as not altering Tesla's long-term autonomy advantages. NVIDIA CEO Jensen Huang offered positive remarks about Elon Musk.
Read at TESLARATI
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