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 potential Artificial Intelligence Day in 2024 are worth watching, he added. Tesla has not formally announced an AI Day for next year. 

Eoin Treacy's view

It looks like Tesla is finally getting some credit for its AI expertise. The company is further along in providing autonomous driving than any other company. Quite whether the final product launch will depend on the individual computing power of the car and its sensors and/or instant connectivity with a supercomputer remains to be seen.
The business model of cutting the price of the base models and raising the price of the premium software stack diverges significantly from what every other car company does. I agree it does point towards a future where software is more valuable than hardware for Tesla. It is quite likely that the same day they are allowed to provide a robo-taxi service, the subscription business model for its services will be launched.

With the impending first deliveries of the Cybertruck, Tesla’s share continues to rebound from the region of the 200-day MA.
Alphabet’s robo-taxi service, Waymo, is currently rolling out in several cities. The share continues to rebound and is approaching the 2021 peak. While somewhat overextended in the short term, a sustained move below the trend mean would be required to question medium-term scope for continued upside.