TSLA

AI Research

Terafab AI chip factory launch in 7 days → +1.8% rebound

Tesla shares rose 1.8% to around $398 after Elon Musk announced the Terafab AI chip manufacturing plant would begin operations within a week, highlighting Tesla's growing focus on producing the AI chips powering its self-driving and robotics software. The stock had earlier touched $403, up over 2% at peak, but remains well below its all-time highs. Despite this positive news, Tesla's annual revenue declined approximately 3%, marking the company's first-ever yearly sales drop, underscoring execution risks in its transition from automaker to AI/robotics company.

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