Elon Musk told customers and investors at the X Takeover event that he has “no idea how to make microchips” but that “we'll figure it out.” He is preparing a semiconductor factory called Terafab in Texas, a venture involving Tesla and SpaceX with Intel participating, with an initial investment exceeding $15 billion and about 3,000 expected jobs. Musk says his companies can eventually outperform TSMC, Samsung and Intel, starting with conventional equipment and modifying it to speed up production, though this could take several years. He also called semiconductor manufacturing “one of the hardest things to do in the world.”
Summary written by Upside AI from the original article. Read the source for full details.
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Related tickers and likely impact
TSLA
▼ Likely negativeTesla, Inc.
Relevance: low
| Market | US stocks |
|---|---|
| Sector | Consumer Discretionary |
| Industry | Automobile Manufacturers |
| Market cap | $1.4T |
| Close on 10/09/2026 | 382.70 |
| Change that session | +2.05% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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