TSLA Stock Beats Nvidia as Musk’s Terafab Plan Advances
TLDR
- TSLA stock gained 12% over the past month, outperforming Nvidia and Alphabet during the same period.
- Tesla and SpaceX plan an initial $16.8 billion investment in Terafab, with the Texas chip complex expected to create at least 3,000 jobs.
- The Terafab project could eventually expand to $119 billion, according to earlier filings covering additional construction phases.
- Tesla plans to open its 1.7-million-square-foot Semi factory in Nevada on Sept. 24, with annual capacity of up to 50,000 trucks.
- Publicly announced Tesla Semi orders remain near 1,500 units, despite the factory’s much larger planned production capacity.
Tesla (TSLA) stock has outpaced several major technology shares this month as Tesla moves forward with its Terafab chip project and prepares to open its Semi factory in Nevada.
Tesla shares gained 12% over the past month. Alphabet rose 8%, while Nvidia gained 3%. Meta and Apple declined, while Microsoft climbed 29% and Amazon also advanced 12%.
TSLA Stock Gains as Terafab Moves Forward
Terafab AI signed a tax-value limitation agreement with Anderson-Shiro Consolidated Independent School District in Texas. The state published the agreement Tuesday after the application process ended in June.
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