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

Tesla, Inc. (NASDAQ:TSLA) is one of the Goldman Sachs AI Stocks: Top 12 Stocks to Buy. On March 23, 2026, Reuters reported that CEO Elon Musk said the day before that Tesla, Inc. (NASDAQ:TSLA) and SpaceX aim to establish two advanced chip factories in Austin, Texas, as part of the “Terafab” project. The complex will include two fabs, each creating a single chip design, one for the corporation’s automobiles and Optimus humanoid robots, and the other for AI data centers in space. Musk said that the businesse ...