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Musk’s megaproject gets real: $16.8B chip plant confirmed for Grimes County

Thu, 06 Aug 2026 10:23:38 -0400

Investing.com -- Elon Musk’s ambition to build the world’s largest semiconductor factory is officially moving forward. Today, Texas Governor Greg Abbott joined SpaceX and Tesla to confirm that Terafab—a massive, vertically integrated chip manufacturing plant—will be built in Grimes County, Texas.

While Musk teased the project earlier this year, today’s announcement locks in the location and the staggering financials for the first phase of construction.

Structured as a formal joint venture between the publicly traded Tesla (TSLA) and newly public SpaceX (SPCX), the project allows Elon Musk’s two tech giants to pool their massive resources to shoulder the

Musk’s megaproject gets real: $16.8B chip plant confirmed for Grimes County

Thu, 06 Aug 2026 10:23:38 -0400

While Musk teased the project earlier this year, today’s announcement locks in the location and the staggering financials for the first phase of construction.

Musk’s megaproject gets real: $16.8B chip plant confirmed for Grimes County

Thu, 06 Aug 2026 10:23:38 -0400

While Musk teased the project earlier this year, today’s announcement locks in the location and the staggering financials for the first phase of construction.

Tesla plans chip manufacturing facility in Texas with $16.8B first phase

Thu, 06 Aug 2026 10:04:16 -0400

(Updated - August 6, 2026 10:04 AM EDT)

Tesla (NASDAQ: TSLA) announced plans to build a chip manufacturing facility called Terafab in Grimes County, Texas, according to a post on X.

The company stated the facility is intended to be the largest chip manufacturing plant ever built, with a goal of producing over one terawatt of compute per year.

Texas Governor announced that the first phase of Terafab represents capital expenditure of over $16.8 billion.

Tesla noted that in April it broke ground on a research fabrication facility on the North Campus of its Giga Texas site, which it described as a precursor to

Tesla plans chip manufacturing facility in Texas with $16.8B first phase

Thu, 06 Aug 2026 10:04:16 -0400

(Updated - August 6, 2026 10:04 AM EDT)

Tesla (NASDAQ: TSLA) announced plans to build a chip manufacturing facility called Terafab in Grimes County, Texas, according to a post on X.

The company stated the facility is intended to be the largest chip manufacturing plant ever built, with a goal of producing over one terawatt of compute per year.

Texas Governor announced that the first phase of Terafab represents capital expenditure of over $16.8 billion.

Tesla noted that in April it broke ground on a research fabrication facility on the North Campus of its Giga Texas site, which it described as a precursor to

Tesla plans chip manufacturing facility in Texas with $16.8B first phase

Thu, 06 Aug 2026 10:04:16 -0400

(Updated - August 6, 2026 10:04 AM EDT)

Tesla (NASDAQ: TSLA) announced plans to build a chip manufacturing facility called Terafab in Grimes County, Texas, according to a post on X.

The company stated the facility is intended to be the largest chip manufacturing plant ever built, with a goal of producing over one terawatt of compute per year.

Texas Governor announced that the first phase of Terafab represents capital expenditure of over $16.8 billion.

Tesla noted that in April it broke ground on a research fabrication facility on the North Campus of its Giga Texas site, which it described as a precursor to

Tesla plans chip manufacturing facility in Texas with $16.8B first phase

Thu, 06 Aug 2026 10:04:16 -0400

(Updated - August 6, 2026 10:04 AM EDT)

Tesla (NASDAQ: TSLA) announced plans to build a chip manufacturing facility called Terafab in Grimes County, Texas, according to a post on X.

The company stated the facility is intended to be the largest chip manufacturing plant ever built, with a goal of producing over one terawatt of compute per year.

Texas Governor announced that the first phase of Terafab represents capital expenditure of over $16.8 billion.

Tesla noted that in April it broke ground on a research fabrication facility on the North Campus of its Giga Texas site, which it described as a precursor to

Jefferies: EU auto registrations rise 5.2% in July

Thu, 06 Aug 2026 08:26:28 -0400

Investing.com -- Vehicle registrations in five major European Union markets increased 5.2% year-over-year in July when adjusted for working days, according to Jefferies.

Year-to-date unit growth stood at 6.4% year-over-year. Growth excluding Chinese and other manufacturers reached 1.5% for the year and 1.3% in July. The UK and France recorded the strongest growth among the five markets.

Battery electric vehicle penetration jumped 8.5 percentage points year-over-year to 23.7%. Plug-in hybrid electric vehicles increased 1.4 percentage points to 11.5%. Chinese original equipment manufacturers and others gained 3.3 percentage points of market share, while Volkswagen lost 2.0 percentage points and Ford dropped 0.9 percentage

Jefferies: EU auto registrations rise 5.2% in July

Thu, 06 Aug 2026 08:26:28 -0400

Investing.com -- Vehicle registrations in five major European Union markets increased 5.2% year-over-year in July when adjusted for working days, according to Jefferies.

Jefferies: EU auto registrations rise 5.2% in July

Thu, 06 Aug 2026 08:26:28 -0400

Investing.com -- Vehicle registrations in five major European Union markets increased 5.2% year-over-year in July when adjusted for working days, according to Jefferies.

Tesla China July Deliveries At 93,579 Units - PCA Prelim Data

Tue, 04 Aug 2026 07:21:43 -0400

Tesla China July Deliveries At 93,579 Units - PCA Prelim Data

Tesla China July Deliveries +37.8% Y/Y - PCA Prelim Data

US auto sales hold steady in July as HEV demand grows

Tue, 04 Aug 2026 05:24:18 -0400

Investing.com -- US light vehicle sales reached 1.38 million units in July, down 2% from the previous year but relatively flat compared to the previous month, according to a Macquarie report released Tuesday.

The seasonally adjusted annual rate stood at 16.5 million units in July, marking the fifth consecutive month above 16 million units. This represents the longest streak above that level in more than five years.

Hybrid electric vehicles continued to gain market share, with penetration at 15.8% in July. Hyundai-Kia hybrid sales increased 62% from the previous year, while Toyota's hybrid sales rose 22% and Honda's climbed 15%. Toyota maintained

US auto sales hold steady in July as HEV demand grows

Tue, 04 Aug 2026 05:24:18 -0400

Tesla registrations in Portugal drop 68.7% in July

Mon, 03 Aug 2026 12:59:24 -0400

Investing.com -- Tesla's new car registrations in Portugal fell 68.7% in July compared to the same month last year, reaching 89 units, according to data released by the country's automobile industry association ACAP on Monday.

The decline occurred while new registrations of light electric vehicles in Portugal increased 54.3% during the same period.

For the seven-month period from January through July, Tesla sales in Portugal rose 45.6% to 6,364 units. Total registrations for all light electric cars in the country increased 40.7% during the same timeframe, ACAP said.

Active options: TSLA AMZN NVDA MSFT AAPL META INTC MU GOOGL

Mon, 03 Aug 2026 10:14:21 -0400

Active options: TSLA AMZN NVDA MSFT AAPL META INTC MU GOOGL

Tesla registrations show mixed results across Europe in July

Mon, 03 Aug 2026 07:39:24 -0400

Investing.com -- Tesla showed mixed registration numbers across several European markets for July on Monday, with strong performance in France and Denmark offset by steep drops in Norway, Sweden and Spain.

Tesla vehicle registrations, which serve as a proxy for sales, increased 86% in France and 52% in Denmark compared to the same period last year, according to data from French car body PFA and Denmark's bilstatistik.dk.

The company's registrations fell 97% in Norway, 60% in Sweden and 81% in Spain, based on numbers from compilers OFV, Mobility Sweden and industry group ANFAC.

Overall registrations of new battery electric vehicles rose 51% in

Tesla's Spain sales drop 81% in July to 131 vehicles

Mon, 03 Aug 2026 06:34:43 -0400

Investing.com -- Tesla recorded 131 vehicle sales in Spain during July, marking an 81.3% decline from the same month in 2025, according to registration data released by industry group ANFAC on Monday.

The electric vehicle maker's year-to-date performance in Spain showed a different picture. From January through July, Tesla (NASDAQ:TSLA) sales in the country rose 19.8% compared to the same seven-month period in 2025.

Spain's broader electrified vehicle market, which encompasses both fully-electric vehicles and hybrids, grew 34.9% during the first seven months of the year.

Tesla (TSLA) PT Lowered to $491 at Stifel

Mon, 03 Aug 2026 05:26:10 -0400

Stifel analyst Stephen Gengaro lowered the price target on Tesla (NASDAQ: TSLA) to $491.00 (from $508.00) while maintaining a Buy rating.

The analyst comments "TSLA posted record 2Q26 deliveries of 480,126 and a revenue beat, but gross profit stalled and adjusted EBITDA of $3.27 billion missed consensus. Gross margin of 16.8% fell from 21.1% in 1Q26 on lower ASP and mix, a ~$240 million energy warranty true-up, no repeat of 1Q26 tariff and warranty benefits, lower regulatory credits, and rising interest-rate subvention costs. Importantly, we believe TSLA is making strong progress on FSD and Robotaxi, both critical to value creation, and

Tesla (TSLA) PT Lowered to $491 at Stifel

Mon, 03 Aug 2026 05:26:10 -0400

Stifel analyst Stephen Gengaro lowered the price target on Tesla (NASDAQ: TSLA) to $491.00 (from $508.00) while maintaining a Buy rating.

Tesla (TSLA) PT Lowered to $491 at Stifel

Mon, 03 Aug 2026 05:26:10 -0400

Stifel analyst Stephen Gengaro lowered the price target on Tesla (NASDAQ: TSLA) to $491.00 (from $508.00) while maintaining a Buy rating.

Tesla (TSLA) PT Lowered to $491 at Stifel

Mon, 03 Aug 2026 05:26:10 -0400

Stifel analyst Stephen Gengaro lowered the price target on Tesla (NASDAQ: TSLA) to $491.00 (from $508.00) while maintaining a Buy rating.

Short sellers pile into SpaceX ahead of earnings, lockup expiration

Fri, 31 Jul 2026 13:54:00 -0400

Investing.com -- Short sellers have increased their positions in SpaceX before two major events next week: the company's first earnings report as a public company and the release of hundreds of millions of locked-up shares.

Short interest reached 219.3 million shares as of July 29, equal to about 34% of the shares available for public trading, up from 23.3 million when the data was first reported on June 16, according to S3 Partners. The bearish position is worth $24.6 billion, exceeding the value of short bets against Tesla Inc., the other major public company led by Elon Musk.

"The big bet right

Short sellers pile into SpaceX ahead of earnings, lockup expiration

Fri, 31 Jul 2026 13:54:00 -0400

"The big bet right

Tesla faces NHTSA probe over suspension failure in 1.2M vehicles

Fri, 31 Jul 2026 06:12:32 -0400

The National Highway Traffic Safety Administration has opened a preliminary evaluation examining suspension failure in approximately 1.2 million Tesla (NASDAQ: TSLA) vehicles, according to a statement from the agency.

Tesla faces NHTSA probe over suspension failure in 1.2M vehicles

Fri, 31 Jul 2026 06:12:32 -0400