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.
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...
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. ...
In Q2 2026, SpaceX increased its spending on Tesla Megapacks, purchasing $295 million worth of these battery energy storage systems to power its Colossus data centers in Greater Memphis. This brings the half-year total to $329 million. The Megapacks ...
Tesla stock found strong support near $297, signaling a potential end to its bearish correction from the December peak of $498.83. A bullish weekly reversal pattern and a close above $317 would confirm a breakout, with initial upside targets at $368....
