Elon Musk announces $20B Terafab chip plant for Austin
Digest more
Tesla filed new site plans with Travis County for a massive Giga Texas expansion, including the long-promised 'ecological paradise' eco-park and the Terafab North Campus.
Tesla is preparing to start US production of the Model Y L, in line with Elon Musk's announced timeline of "the end of 2026." Several bodies-in-white resembling the Model Y L silhouette were spotted in boxes at Giga Austin. These are most likely brought from China and will serve as test mules for the US variant.
The idea — touted by Elon Musk five years ago — has been met with public skepticism. If your company can show net revenue growth during the last three years, the Austin Business Journal would like to honor you in the annual Fastest Growing Companies Awards.
The project is a joint venture between Tesla, SpaceX and xAI, focused on the production of high-volume artificial intelligence chips.
Tesla announced the start of production for its most controversial product to date: the Cybercab driverless vehicle. To make sure we've got the idea, it announced it twice: first in the Tesla 2025 recap video from December,
Tesla (TSLA) stock rose 3.5% after Elon Musk unveiled Terafab, a massive chip venture with SpaceX and xAI aimed at 2nm production at Giga Texas facility.