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.
Top pension officials from New York and California have expressed concerns about SpaceX's upcoming IPO, criticizing its dual-class share structure that grants Elon Musk significant voting power and control. They warn that this 'most management-favora...
European stocks are expected to open higher amid ongoing political uncertainty in the UK, where Prime Minister Keir Starmer faces leadership challenges, and ahead of key UK GDP data. Investors are also focused on US President Donald Trump's visit to ...
UBS raised Tesla's price target to $364, noting the company's shift toward becoming a 'physical AI company' with increased investments in AI, robotics, and manufacturing infrastructure. Tesla raised its 2026 capital expenditure forecast from $20 bill...
The Trump-Xi summit in Beijing brings AI supply chains and chip export policies into sharp focus, with Nvidia CEO Jensen Huang joining the U.S. delegation. Nvidia's advanced chips face U.S. export restrictions limiting access to China, while China de...
Shares of U.S.-listed electric vehicle makers Lucid, NIO, and Tesla rose significantly in midday trading, reflecting a coordinated sector-wide buying driven by positive demand expectations and investor sentiment. Lucid surged 9%, NIO gained 7%, and T...
