Tesla shares reversed after-hours gains following CFO Vaibhav Taneja's announcement of over $25 billion in capital expenditures for 2026, with spending focused on batteries, robotaxis, AI computing, and next-generation AI5 chip development, while warning of negative free cash flow ahead.
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Tesla Shares Turn Lower in After-Hours Trading on $25 Billion-Plus Capex Plan
Tesla shares reversed after-hours gains following CFO Vaibhav Taneja's announcement of over $25 billion in capital expenditures for 2026, with spending focused on batteries, robotaxis, AI computing, and next-generation AI5 chip development, while warning of negative free cash flow ahead.
Tesla shares jumped 7.62% to $391.95 after CEO Elon Musk announced the AI5 chip reached a major engineering milestone, moving closer to mass production as the company builds two semiconductor facilities in Austin, Texas with SpaceX, while UBS upgraded its rating from Sell to Hold with a $352 price target.
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Tesla Surges 7% as Musk Says Next-Gen Chip Development on Track
Tesla shares jumped 7.62% to $391.95 after CEO Elon Musk announced the AI5 chip reached a major engineering milestone, moving closer to mass production as the company builds two semiconductor facilities in Austin, Texas with SpaceX, while UBS upgraded its rating from Sell to Hold with a $352 price target.
Elon Musk segue da vicino la produzione del chip AI5 Tesla
Elon Musk partecipa alle riunioni esecutive e monitora lo sviluppo dei chip per la strategia di guida autonoma dell’azienda.
Tesla CEO Elon Musk announced that both TSMC and Samsung Electronics will manufacture the company's next-generation AI5 autonomous driving chips, aiming to secure ample supply as Tesla expands its self-driving technology.
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Musk Says Both TSMC and Samsung to Focus on Tesla AI5 Autonomous Driving Chip
Tesla CEO Elon Musk announced that both TSMC and Samsung Electronics will manufacture the company's next-generation AI5 autonomous driving chips, aiming to secure ample supply as Tesla expands its self-driving technology.
Tesla CEO Elon Musk signals a strategic shift as both TSMC and Samsung are set to prioritize production of Tesla's next-generation AI5 autonomous driving chip, intensifying competition in the advanced semiconductor sector.
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Musk Says Both TSMC and Samsung to Focus on Tesla AI5 Autonomous Driving Chip
Tesla CEO Elon Musk signals a strategic shift as both TSMC and Samsung are set to prioritize production of Tesla's next-generation AI5 autonomous driving chip, intensifying competition in the advanced semiconductor sector.
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