Elon Musk made big promises for Tesla
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Tesla CEO Elon Musk has said that the EV company is planning to use Intel’s 14A chip manufacturing process at its $20 billion ‘TeraFab’ project in Austin, Texas. "We plan to use Intel's 14A process, which is state-of-the-art and in fact not yet totally complete,
Tesla posted earnings that topped analysts' estimates, and said it plans to significantly raise spending on AI.
Elon Musk confirms that TeraFab will use Intel's upcoming process node, giving a much-needed lifeline to Intel's manufacturing efforts.
Terafab is a planned ~$25 billion semiconductor fab that Elon Musk announced last month as a joint venture between Tesla, SpaceX, and xAI. Read more about Tesla's moonshot project here.
By Zaheer Kachwala and Stephen Nellis April 22 (Reuters) - Tesla CEO Elon Musk said on Wednesday the EV maker plans to use Intel's next-generation 14A manufacturing process to make chips at its Terafab project,
AMAT stock is riding the AI chip boom, and the Terafab project could mean upside if it actually turns into orders.
A single line in a new Tesla regulatory document says the company "entered into an agreement to acquire an AI hardware company."
Several permits have been filed for a Tesla project at an industrial park space near Reno-Tahoe International Airport.
The earnings beat didn’t move the stock because the market is pricing long-dated AI/robotics profits that Musk now says won’t show up meaningfully before 2027, while capex jumps to ~$25B and free cash flow turns negative.
Storey County is moving forward with an Interstate 80 improvement project in coordination with Tesla to help address traffic near Gigafactory.