Last mentioned: Mar 23, 2026
Tesla inaugurates its massive vehicle manufacturing plant in Austin.
Elon Musk reveals plans for two advanced chip factories to be built in Austin for Tesla and SpaceX.
Tesla HQ Move
Tesla officially moves its corporate headquarters from California to Austin, Texas.
Tesla, SpaceX, and xAI have launched a $25 billion joint venture to build 'Terafab,' a massive semiconductor facility in Austin, Texas. The project aims to produce 1 terawatt of annual computing power to fuel autonomous vehicles, humanoid robots, and a future orbital data center network.
Elon Musk has announced a massive $25 billion investment to build two advanced semiconductor manufacturing facilities in Austin, Texas. These 'Terafabs' will secure the supply chain for Tesla's humanoid robots and autonomous vehicles while powering SpaceX's next-generation AI data centers.
Elon Musk has officially unveiled 'Terafab,' a high-stakes initiative focused on the domestic production of proprietary AI chips. This move signals a strategic shift to decouple Musk's ecosystem from external semiconductor giants and secure the compute power necessary for xAI and Tesla's future.