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.