March 14, 2026
Elon Musk says Tesla will spend ‘well over’ $1 billion on Dojo supercomputer

Elon Musk says Tesla will spend ‘well over’ $1 billion on Dojo supercomputer

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” : ‘s.dev.’; const productHostName = `www.${productHostNamePrefix}${PRODUCT_DOMAIN[product]}`; return [productHostName, LOGIN_URL[product], `${(SHOP_URL[envGoogleEA] || SHOP_URL.dev)[product]}`]; }, _registerUser(credential) { const PRODUCT_DOMAIN = { WSJ: ‘wsj’, BOL: ‘barrons’, FN: ‘fnlondon’, MW: ‘marketwatch’, MG: ‘mansionglobal’ }; const EDITION_ID = { WSJ: ‘WSJ-EN_US’, BOL: ‘BARRONS-EN_US’, FN: ‘EFN-EN_US’, MW: ‘MARKETWATCH-EN_US’, MG: ‘MG-EN_US’ }; const REGISTRATION_SOURCE = { WSJ: ‘WSJ’, BOL: ‘BARRONS’, FN: ‘EFN’, MW: ‘MARKETWATCH’, MG: ‘MG’ }; const LOGIN_URL = { WSJ: ‘accounts.wsj.com/auth’, BOL: ‘accounts.barrons.com/auth’, FN: ‘accounts.dowjones.com/auth/fn’, MW: ‘accounts.marketwatch.com/auth’ }; const pageSiteProduct = window.utag_data.page_site_product; const registerUrlPrefix = envGoogleEA === ‘prod’ ? ” : ‘s.dev.’; const registerBasedUrl = `https://register.${registerUrlPrefix}${PRODUCT_DOMAIN[pageSiteProduct]}.com`; const registerEndpoint = `${registerBasedUrl}/api/createSocialConnectUser`; const loginUrlPrefix = envGoogleEA === ‘prod’ ? ” : ‘int.’; const loginBaseUrl = LOGIN_URL[pageSiteProduct]; const loginUrl = `https://${loginUrlPrefix}${loginBaseUrl}/google-login`; const targetUrl = new URL(window.location.href); targetUrl.searchParams.set(‘isGaa’, true); fetch(registerEndpoint, { method: ‘POST’, body: JSON.stringify({ id_token: credential?.credential, displayContextId: ‘SOCIAL_CONNECT’, returnUrl: window.location.href.split(‘?’)[0], editionId: `${EDITION_ID[pageSiteProduct]}`, registrationSource: `${REGISTRATION_SOURCE[pageSiteProduct]}` }), headers: { ‘content-type’: ‘application/json’, } }) .then((response) => { if (!response.ok) { console.error(‘GoogleEA: Social Connect Invalid Status Code’); return; } return response.json(); }) .then((userState) => { if (!userState) { console.error(‘GoogleEA: Social Connect No Data’); return; } window.location.href = `${loginUrl}?target=${encodeURIComponent(targetUrl)}`; }) .catch((err) => { console.error(`GoogleEA: Social Connect Err: ${err}`); }); } }; })() ]]]]]]]]>]]]]]]>]]]]>]]>

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Last Updated: July 20, 2023 at 7:51 a.m. ET First Published: July 19, 2023 at 11:31 p.m. ET

Tesla CEO Elon Musk speaks at a tech fair in Paris, on June 16.

AFP via Getty Images

Tesla Inc. will spend “well over” $1 billion by the end of 2024 on building an in-house supercomputer known as Project Dojo.

In Tesla’s earnings call with analysts late Wednesday, Chief Executive Elon Musk said Dojo would be used to process data and video to improve the EV maker’s autonomous driving capabilities, with the goal of full autonomy.

According to a FactSet transcript, when asked about how much Tesla TSLA, -9.74% plans to spend on the project, Musk replied: “Through the end of next year, it’s well over $1 billion in Dojo and, yeah, so we’ve got a truly staggering amount of video data to do training on.”

Also see: As investors worry about lower Tesla margins, Musk says Full Self-Driving is key to future profits

Tesla CFO Zachary Kirkhorn added that the figure was split between R&D and capital spending, and had been previously taken into account in the company’s three-year guidance.

“We obviously need to train our neural net with data from millions of vehicles,” Musk said. “I mean, this has been proven over and over again. The more training data you have, the better the results.”

“Tesla is clearly at the cutting edge of AI development,” Musk added.

Read more: Elon Musk says his new company xAI will ‘enhance’ Tesla value

Barron’s: Don’t Give Up on Dividend Stocks After AT&T’s Drop

Despite their woeful underperformance this year, income-oriented investors should still consider including dividend-paying stocks or funds in their portfolios. 

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