Tesla is trading 3.95% up now at $332.20 after investors responded to the August 6 announcement that Tesla and SpaceX will initially invest $16.8 billion in a Texas AI semiconductor facility.
- Reuters reported that Terafab is intended to secure chip capacity considered essential to both companies’ futures.
- Early coverage tied Tesla’s August 7 gain directly to the project; broader technology-market strength provided additional support.
- The move is company-specific and exceeds the broader sector’s advance; no reliable volume figure was available in the provided data.