Following the announcement that analysts at Morgan Stanley believe Elon Musk’s Dojo supercomputer project has the potential to add up to $500 billion in value to Tesla, the shares of the business saw a gain of 6% on Monday. Many parallels have been made to Amazon Web Services, which contributed greatly to the overall profitability of Amazon by producing $21.35 billion in revenue during the first three months of 2023.
Forbes has referred to the Dojo supercomputer as a “paradigm shift in supercomputing” and has posed the issue of whether or not Tesla is essentially an automotive firm despite the fact that the company has sold over 4.5 million cars as of July.
While the excitement over Dojo causes Tesla’s share price to climb, focus has shifted to “Project Omega,” one of Elon Musk’s other less recognized endeavors. It is anticipated that this operation, which is being run out of a little building in San Francisco, would result in the creation of $15 trillion worth of new wealth. It has received acclaim from notable people like Bill Gates, Bank of America sees it as having the ability to start a revolution, and Forbes is concerned that it might become the most important profit engine in the history of the world.
With his participation with companies such as PayPal, Tesla, and SpaceX, amongst others, Elon Musk has a proven track record of effectively disrupting established sectors. This begs the issue of why it is anticipated that “Project Omega” would outperform Dojo by a factor of 30, and maybe outperform PayPal, Tesla, and SpaceX combined.