Why Tesla Stock Jumped 6.8% Today

Why Tesla Stock Jumped 6.8% Today

Elon Musk wants investors to remember Tesla makes chips, too.

Elon Musk pitches Tesla’s in-house AI chip ambitions, seeks talent for next-generation designs

Tesla has been developing its own advanced AI chips for years, with Elon Musk revealing that millions of AI4 chips are already deployed. The company is on track to release AI5 soon and aims for a new chip design every 12 months, with ambitious plans to outproduce other AI chip manufacturers.

Zuckerberg and Current and Former Meta Leaders Agree to $190M Settlement of Shareholder Privacy Case

Mark ​Zuckerberg and current and former leaders of Meta Platforms agreed to pay the company $190 million to resolve shareholder allegations that they damaged Meta by ‌violating Facebook users’ privacy, according to a settlement unveiled on Thursday. The company’s board also agreed to policy changes governing directors’ conduct, insider trading and whistleblower protections. The deal ended litigation ‌by shareholders who accused the Facebook co-f…

Tesla shares rise after Musk reveals rapid progress on in-house AI chips – #CryptoUpdatesGNIT

Key Takeaways Tesla shares rose 2.2% in premarket trading due to positive analyst sentiment. Musk said that Tesla is far beyond the idea stage with AI hardware, having already designed and deployed several million of its own AI chips. Share this article Tesla shares rose 2.2% in premarket trading today after Elon Musk shared fresh insights into its fast-moving internal AI chip efforts. In a statement on X, the CEO of Tesla said the company has b…

Elon Musk Claims Tesla Must Outproduce NVIDIA, AMD, and All Other AI Chip Makers in Volume if It Wants to Win the Real-World AI Race

Well, Elon has apparently 'doubled down' on his ambitions, as he envisions producing chips at a pace that surpasses all other tech giants out there, to back Tesla's AI-focused plans. Elon Musk Says Tesla Now Operates On an Annual Product Cadence For Its AI Chips Tesla's CEO has made really interesting statements around chip buildouts in the past few weeks, and it appears that the automaker is eager to scale up production capacities to meet the e…

Tesla Shares Soar as Musk Claims Company Will Soon Produce More AI Chips Than All Rivals Combined

Tesla shares rose over 7% on Monday after CEO Elon Musk announced on X that the company is close to launching its next-generation AI chip to its products.