Tesla signs $16.5bn chip deal with Samsung
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Waymo Plots a Robotaxi Launch in Dallas
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The Tesla Supercharger Diner opened Monday in West Hollywood and Elon Musk is already teasing a Texas expansion.
Samsung Electronics will produce 2nm chips for Tesla, targeting use in the automaker's supercomputers, autonomous vehicles, and humanoid robots. The chips will be manufactured at Samsung's Taylor, Texas facility under an eight-year contract valued at KRW22.
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The city of Lewisville, Texas, confirmed a Tesla charging device ignited an "intense" house fire that engulfed a Lexus and the home's upper floors Monday.
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Shares of Tesla ( TSLA 3.11%) climbed higher on Monday. The electric vehicle (EV) maker's stock gained 3% as of market close, but had jumped as much as 4.6% earlier in the day. The spike comes as the S&P 500 ( ^GSPC 0.02%) was flat and the Nasdaq Composite ( ^IXIC 0.33%) rose 0.3%.
Tesla CEO Elon Musk announced that Samsung will supply the Austin automaker's next-generation chips in a $16.5 billion deal at Samsung's Texas facility . "Samsung's giant new Texas fab will be dedicated to making Tesla's next-generation AI6 chip," Musk said in a post on X. "The strategic importance of this is hard to overstate."
A persistent squeak and repeated repairs have one Cybertruck owner seeking a buyback, with similar issues reported across the community.
Tesla and Alphabet report quarterly earnings after the closing bell Wednesday, while Texas Instruments tumbles after issuing a disappointing profit forecast.
The autonomous Model Ys will reportedly have a person in the driver's seat and rides will be limited to invited guests only