Elon Musk announced Terafab, a joint venture between Tesla, SpaceX, xAI, and Intel, aiming to produce one terawatt of AI compute annually, vastly increasing global semiconductor supply. This move addresses the anticipated massive chip demand from Tesla's humanoid robots and SpaceX's orbital data centers, which current suppliers like TSMC cannot meet. Tesla will fund much of the project despite recent revenue declines, while Intel benefits as the main manufacturing partner, validating its foundry pivot. Challenges include high costs, regulatory opposition, and skepticism about timelines, but the initiative marks a major step toward compute sovereignty and vertical integration in AI hardware.
Sunrun, a home solar and battery storage company, announced a partnership with Tesla and Renew Home to provide over 16 gigawatts of flexible energy capacity for AI data centers and utilities. This collaboration aims to support the growing energy dema...
Tesla's stock fell 5.79% to $381.61, pressured by shrinking tech multiples and margin challenges as global EV pricing tightens. Despite strong Q1 2026 earnings, expanding automotive gross margins, and growth in FSD subscriptions and services, valuati...
Toyota is set to report a nearly 1% increase in U.S. vehicle sales for the first half of the year, reaching 1.25 million units, while General Motors (GM) is expected to see a 7.2% decline to 1.33 million. Toyota's focus on hybrid vehicles, which are ...
Sunrun, a solar-energy company, announced a partnership with Renew Home and Tesla to supply power for AI data centers. This collaboration highlights the growing role of renewable energy in supporting advanced technology infrastructure. The news led t...
US stock indices including Nasdaq 100, Dow Jones 30, and S&P 500 showed early signs of recovery on Wednesday following a sharp selloff on Tuesday. The Nasdaq aims to regain the 30,000 level but may find support at 28,500 if it falls. The Dow Jones is...
