Tesla

Tesla $25 billion spending plan announced by CEO Elon Musk for 2026, shifting the company’s focus toward robotics, autonomous vehicles, and artificial intelligence chip development. The investment marks a departure from Tesla’s historically lean spending approach.

Elon Musk announced the Terafab project, a $20 billion joint venture between Tesla, SpaceX, and xAI to build a chip manufacturing facility in Austin, Texas.

Elon Musk announced the Terafab project, a $20 billion chip manufacturing facility in Austin, Texas, as a joint venture between Tesla, SpaceX, and xAI. The facility aims to produce a terawatt of computing power per year.