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SpaceX to power new Texas chip plant with natural gas and large batteries, skipping solar energy.

Market News
07 Aug 2026
TechCrunch
View Source
Neutral
SpaceX to power new Texas chip plant with natural gas and large batteries, skipping solar energy.

SpaceX announced plans to build natural gas power plants and large battery arrays to supply electricity for its new Terafab semiconductor factory in Texas, without using solar power despite Tesla's involvement. The factory, costing an estimated $16.8 billion in its initial phase, aims to produce chips for SpaceX and its AI subsidiary xAI. This move aligns with Elon Musk's recent focus on natural gas, as seen in other projects like xAI data centers and recent acquisitions. The project benefits from significant tax abatements and incentives from Texas, reflecting the state's growing role in 'bring your own power' data centers amid rising natural gas power plant costs and environmental concerns.

More News (TSLA)

Tesla registers entity in Vietnam, eyeing entry into a market dominated by local EV leader VinFast.

Tesla registers entity in Vietnam, eyeing entry into a market dominated by local EV leader VinFast.

Tesla has registered a local entity in Vietnam, signaling plans to enter the country's rapidly growing electric vehicle market. Vietnam's EV market is led by VinFast, which holds 92% market share and benefits from a strong local ecosystem including c...

Market News
Neutral
10 hours ago
Tesla reopens $50,000 reservations for next-gen Roadster ahead of Oct 1 unveiling.

Tesla reopens $50,000 reservations for next-gen Roadster ahead of Oct 1 unveiling.

Tesla has reopened reservations for its next-generation Roadster, requiring a $50,000 deposit before the vehicle's official unveiling on October 1 in Texas. Customers must first pay a refundable $5,000 by credit card, then complete the reservation wi...

Market News
Bullish
12 hours ago
Apple and Tesla show resilience against AI threats with strong Q2 results and proprietary AI tech.

Apple and Tesla show resilience against AI threats with strong Q2 results and proprietary AI tech.

Apple and Tesla demonstrated strong financial results and resilience against AI sector disruptions after OpenAI agent attacks on Hugging Face. Apple reported a record fiscal Q3 2026 revenue of $109.42 billion, driven by iPhone sales and services, whi...

Company Fundamentals
Bullish
21 hours ago
Tesla, Microsoft, and Adobe show early gains amid AI-driven momentum and technical signals.

Tesla, Microsoft, and Adobe show early gains amid AI-driven momentum and technical signals.

Tesla's stock is showing early pre-market gains near $369, approaching its 200-day moving average as it tries to regain momentum despite rising interest rates. Microsoft is consolidating with a bullish tilt, supported near $477 and facing resistance ...

Technical Signals
Bullish
23 hours ago
Tesla's full self-drive adoption tops 55%, boosting paid subscriptions 56% YoY to 1.48M.

Tesla's full self-drive adoption tops 55%, boosting paid subscriptions 56% YoY to 1.48M.

Tesla, Inc. is increasingly becoming a software-driven company, with over 55% of new vehicle deliveries in North America now adopting its full self-drive (FSD) system. The company's paid FSD subscriptions have grown 56% year-over-year, reaching 1.48 ...

Market News
Bullish
3 days ago
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