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.
The global software-defined vehicle (SDV) market is forecasted to grow from $447.55 billion in 2026 to $1.7 trillion by 2035, at a 16% CAGR. Growth is fueled by advances in centralized vehicle computing, AI-enabled functions, over-the-air (OTA) updat...
Major tech stocks Tesla, Nvidia, and Amazon are set to open higher following a weaker-than-expected jobs report that has investors anticipating interest rate cuts. Tesla shows potential to fill a price gap near $340, while Nvidia benefits from recent...
Tesla reported Q2 revenue of $28.24 billion, marking a 26% year-over-year increase and showing accelerating growth for two consecutive quarters. Despite strong sales, the company's gross margin fell to 16.83% and operating margin dropped to 1.41%, si...
Tesla reported a 26% year-over-year revenue increase in Q2 2026, signaling improved top-line growth after previous sluggish quarters. However, the company faces deteriorating gross, operating, and EBITDA margins, indicating profitability challenges. ...
Tesla and SpaceX announced plans to build Terafab, a large advanced semiconductor factory in Grimes County, Texas, with an initial $16.8 billion investment. The facility will be the largest manufacturing building on Earth, spanning over 100 million s...
