Tesla (TESLA) and SpaceX Plan to Build a New Chip Factory in Texas

Tesla, Inc. (NASDAQ:TSLA) is 1 of the

Goldman Sachs AI Stocks: Top 12 Stocks to Buy. On March 23, 2026, Reuters reported that CEO Elon Musk said the time earlier that Tesla, Inc. (NASDAQ:TSLA) and SpaceX purpose to found 2 precocious spot factories successful Austin, Texas, arsenic portion of the “Terafab” project. The analyzable volition see 2 fabs, each creating a azygous spot design, 1 for the corporation’s automobiles and Optimus humanoid robots, and the different for AI information centers successful space. Musk said that the businesses indispensable make the installation to fulfill aboriginal spot demand, estimating that the existent satellite proviso volition lone conscionable astir 3% of their needs.

The Terafab task is simply a collaboration betwixt SpaceX, Tesla, Inc. (NASDAQ:TSLA), and xAI, with nary planned completion day revealed. Musk stated that the installation could nutrient 1 terawatt of computing capableness per year, compared to astir fractional a terawatt present generated successful the United States. He acknowledged the company’s reliance connected suppliers specified arsenic Samsung, TSMC, and Micron, portion expecting that interior request volition soon transcend planetary spot supply.

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Tesla, Inc. (NASDAQ:TSLA) is simply a developer, manufacturer, designer, lessor, and seller of electrical vehicles and vigor procreation and retention systems. The institution operates crossed China, the United States, and globally. It operates done the Automotive and Energy Generation and Storage segments.

While we admit the imaginable of TSLA arsenic an investment, we judge definite AI stocks connection greater upside imaginable and transportation little downside risk. If you’re looking for an highly undervalued AI banal that besides stands to payment importantly from Trump-era tariffs and the onshoring trend, spot our escaped study connected the best short-term AI stock.

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