Movement Alert｜Tesla Motors Rises 3.21% in Regular Trading, Terafab AI Chip Super Factory Project Officially Launched

Market Focus08-07

On August 7, Tesla Motors rose 3.21% in regular trading, trading at $329.585/share, with turnover of $4.227 billion. The rally was driven by the official launch of the Terafab AI chip super factory project, jointly announced by Tesla and SpaceX.

The Terafab facility will be located in Grimes County, Texas, with a first-phase investment of $16.8 billion. According to Elon Musk, approximately 25% of Terafab's AI computing output will serve Tesla's Optimus humanoid robot program, while 75% will be allocated to SpaceX's AI spacecraft projects. The facility targets annual production exceeding 1 terawatt of computing power, integrating logic chips, memory chips, and advanced packaging in a single site. Intel confirmed participation but did not disclose specific terms. The Texas Governor noted the first phase will create 3,000 jobs, with the state enterprise fund providing $30 million to SpaceX. Under a multi-phase plan, total investment could reach up to $119 billion. SpaceX surged over 8% on the same day, lifting Musk-affiliated assets broadly.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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