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Elon Musk Unwraps $25 Billion Terafab Chip-Building Project [CNET News]

Tesla, Inc. (TSLA)  More Company Research Source: CNET News
Last tesla, inc. earnings: 4/29 04:11 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.tesla.com
Elon Musk took the stage over the weekend to announce a new partnership between Tesla, SpaceX and xAI to build a $25 billion chip-making factory in Austin, Texas, called Terafab. Acknowledging Samsung, TSMC and other chipmakers, Musk said the Terafab project needs to get off the ground because existing semiconductor partners aren't making chips fast enough. If built, Terafab would be the largest semiconductor manufacturing plant in the world. Bringing more semiconductor facilities to the US isn't new. The CHIPS Act of 2022 saw a dramatic rise in announcements for further investments in such facilities on American soil. Nvidia began manufacturing chips in its Arizona factory last year, and the motivation wasn't only due to tariffs The CHIPS Act has paid out for several chip-making projects, including Intel's massive $8 billion factory , though the introduction of additional semiconductor fabs in the US has been slow. Terafab would be a significant addition to the infrastructure [Read more]
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Stockreport

Elon Musk Unwraps $25 Billion Terafab Chip-Building Project [CNET News]

Tesla, Inc.  (TSLA) 
More Company Research Source: CNET News
Last tesla, inc. earnings: 4/29 04:11 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.tesla.com
Elon Musk took the stage over the weekend to announce a new partnership between Tesla, SpaceX and xAI to build a $25 billion chip-making factory in Austin, Texas, called Terafab. Acknowledging Samsung, TSMC and other chipmakers, Musk said the Terafab project needs to get off the ground because existing semiconductor partners aren't making chips fast enough. If built, Terafab would be the largest semiconductor manufacturing plant in the world. Bringing more semiconductor facilities to the US isn't new. The CHIPS Act of 2022 saw a dramatic rise in announcements for further investments in such facilities on American soil. Nvidia began manufacturing chips in its Arizona factory last year, and the motivation wasn't only due to tariffs The CHIPS Act has paid out for several chip-making projects, including Intel's massive $8 billion factory , though the introduction of additional semiconductor fabs in the US has been slow. Terafab would be a significant addition to the infrastructure [Read more]
IMPACT SNAPSHOT
EVENT TIME:
TSLA
Last Price
Price Change
Price Change %
Volume Shares
Max Up
Max Down
Volume Ratio
%
Don't Miss Out On The Next BIG Stock Move
Performance comparison Updated
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
LAST PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
LAST PRICE
VWAP
High:
MAX UP
High:
Low:
MAX DOWN
Low:
%
 POST NEWS RANGE
%
PRICE CHANGE
PRICE CHANGE PERCENTAGE
S&P 500 (SPX)
%
 VOLUME RATIO
%
VOLUME (SHARES)
TICKS
AVG SHARES PER TRADE
EVENT DAY
Event Day Chart will not be displayed beyond 90-day period of the event
PERFORMANCE SINCE EVENT
TIME AND VELOCITY ANALYSIS