Elon Musk unveiled plans for a massive chip manufacturing facility in Austin, Texas, that he said will power his "galactic" aspirations.

Elon Musk unveiled an ambitious plan March 21, 2026, for a joint Tesla and SpaceX semiconductor fabrication facility dubbed "Terafab," aiming to produce custom chips on an unprecedented scale to fuel artificial intelligence,

Musk launched the “TERAFAB” project at an event inside the old Seaholm power plant on Saturday night. He said the project would include an Austin-area "advanced technology" facility and thanked Gov. Greg Abbott for his support.

Elon Musk has previously promised the arrival of fully autonomous Teslas and ultrafast Hyperloop transport – both of which are yet to materialize. For his next trick, the galaxy's richest earthling plans to build an enormous chip manufacturing plant that will positively dwarf every other

Tesla's Optimus Gen 3 robot has proven advanced dexterity and meaningful progress in achieving new degrees of freedom.

Tesla (NASDAQ:TSLA | TSLA Price Prediction) shareholders are hanging in there after the latest 17% descent from recent highs, and a lot of it is likely due to the tremendous promise offered by the future of robotics and robotaxis.

Tesla (TSLA) stock rose 3.5% after Elon Musk unveiled Terafab, a massive chip venture with SpaceX and xAI aimed at 2nm production at Giga Texas facility.

Tesla Inc (NASDAQ:TSLA) made a bold move this week, during the company's Q4 2025 earnings call: CEO Elon Musk unveiled a vision where Tesla owners can loan their vehicles to the company's robotaxi network, turning every Model 3 or Model Y into a revenue ...