Elon Musk is developing a massive chip manufacturing campus in Grimes County, Texas, touted as a $119 billion project but with only $16.8 billion confirmed for the first phase. The campus will be one of the largest buildings on Earth, supporting Tesla, SpaceX, and xAI's computing needs. However, the full $119 billion figure is a top-end estimate with no binding commitments yet, and the project remains a long-term bet amid Tesla's current financial challenges. Investors can only gain exposure through public companies involved, like Tesla, SpaceX, Intel, and TSMC, as the campus itself is private.
The Roundhill Tesla WeeklyPay ETF (TSLW) has delivered consistent weekly income payments in 2026, but its share price has dropped 29% since the start of the year. The price decline reflects the weekly distributions paid out, which reduce the fund's n...
Tesla has announced a significant increase in its 2026 capital budget to $25 billion, with a major portion allocated to expanding production of its Optimus robots. This move highlights Tesla's commitment to advancing robotics technology alongside its...
Tesla stock rose 4% to $364.30 following a surge in crude oil prices to $86.06 per barrel due to renewed U.S.-Iran military tensions affecting shipping routes. Higher gasoline prices typically boost electric vehicle demand by making EVs more cost-eff...
Investors on Wall Street are focused on a busy week featuring the August jobs report, key technology earnings, and a Tesla event. The jobs report, expected to show modest job growth and stable unemployment, will be a critical indicator of the US labo...
OpenAI announced it will stop providing AI models to Cursor, a coding tool company recently acquired by SpaceX, owned by Elon Musk. This move intensifies the ongoing conflict between OpenAI CEO Sam Altman and Musk, who have clashed over control and t...
