Tesla stock pops as Elon Musk touts chip progress

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Tesla stock rose more than 6% on Wednesday as CEO Elon Musk touted progress on the company's forthcoming AI5 chip. Musk said in a post on his social network X on Wednesday that the chip has reached a key engineering milestone and is getting closer to production. Tesla is also planning to build two advanced chip factories in Austin, Texas, in partnership with SpaceX — one to make chips for vehicles and robots, and another to produce chips for use in orbital data centers. Intel recently joined

Tesla stock pops as Elon Musk touts chip progress https://www.cnbc.com - 15.04.2026 21:07

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Tesla stock pops as Elon Musk touts chip progress https://www.cnbc.com - 15.04.2026 21:07