After a big earnings report last Wednesday, shares of Tesla Inc. NASDAQ: TSLA ended last week down 5% from their pre-earnings high. That might sound bearish, but context is everything.
Jed Dorsheimer, William Blair analyst, joins 'The Exchange' to discuss Tesla's chip deal with Samsung and what it means for the stock.
Elon Musk wrote that he would "walk the line personally" of Samsung's Texas chipmaking plant that will make Tesla chips. Samsung's chip plant is only miles away in Taylor, which Musk wrote was "convenient.
Elon Musk confirmed that Tesla has signed a $16.5 billion chip contract with Samsung Electronics. Samsung, which is set to deliver earnings on Thursday, expects its second-quarter profit to more than halve.
Explore how Tesla's (TSLA) revenue from international markets is changing and the resulting impact on Wall Street's predictions and the stock's prospects.
Tesla has signed a $16.5 billion deal to get its next-generation chips from Samsung.
CNBC's Kristina Partsinevelos joins 'Squawk on the Street' to discuss the latest news on the chips sector.
Tesla (TSLA) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
Tesla Inc (NASDAQ:TSLA) has signed a $16.5 billion multiyear chip supply deal with Samsung Electronics, set to last through the end of 2033, CEO Elon Musk announced on Monday. This agreement is focused on South Korea-based Samsung producing Tesla's next-generation AI6 chips at a new fabrication facility in Taylor, Texas.
Shares of Tesla Inc. (NASDAQ:TSLA) lost 5.49% over the past five trading sessions in the wake of the EV maker reporting expectedly poor Q2 financials.
Tesla stock advanced prior to the stock market open Monday.
Samsung Electronics, controlled by South Korean billionaire Jay Y. Lee, has signed a 22.8 trillion won ($16.5 billion) multiyear deal with Tesla to manufacture AI chips for the U.S. electric vehicles-to-AI giant.