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 square feet and employing at least 3,000 people. Terafab aims to produce chips for future computing needs, supporting Tesla's robots, self-driving cars, and SpaceX's space-based data centers. The project is part of Elon Musk's vision for a future driven by AI and robotics, with potential total spending by SpaceX reaching $119 billion over multiple phases. Intel will also contribute to the project, which has raised local concerns about tax breaks and transparency.
Tesla is set to hold an event on October 1 at SpaceX's Texas facility to unveil its long-delayed second-generation Roadster, potentially featuring SpaceX-derived cold-gas thrusters that could allow the car to hover briefly. Netflix received a price t...
In Q2 2026, Baron Global Opportunity Fund's Institutional Shares gained 26.7%, significantly outperforming the MSCI ACWI Index's 14.9% rise. The fund initiated five new positions including Alphabet and Samsung Electronics, and increased holdings in s...
Tesla's latest software update, FSD Supervised v14.3.9, allows cars to autonomously steer to avoid imminent collisions even if Full Self-Driving (FSD) is not activated by the driver. This safety feature aims to reduce accidents by intervening when au...
Tesla is expanding beyond just car sales into Robotaxi services, Optimus robots, energy storage, and semiconductor development, aiming to create its next trillion-dollar opportunity. Despite a challenging year with shares down 18.74%, Tesla reported ...
JPMorgan analyst Rajat Gupta projects Tesla's robotaxi revenue to reach about $320 billion by 2035, with nearly all earnings coming from Tesla-owned vehicles rather than individual owners. This shifts the narrative from a shared ride network where ow...
