Alphabet Inc.'s (NASDAQ: GOOGL) self-driving car company Waymo is moving into Dallas.
A recent disappointing earnings report for Tesla (NASDAQ:TSLA) caused shares to drop substantially.
Tesla's Q2 2025 was disastrous: revenue, deliveries, and profits all plunged, with margins collapsing and regulatory credit sales vanishing. The core automotive business is in decline, with price cuts failing to spark demand and cash flow nearly evaporating despite a large cash pile. Energy and charging segments showed some growth, but these bright spots are too small to offset the auto business's severe weakness.
Samsung Electronics (KRX:005930) has signed a $16.5 billion agreement to manufacture artificial intelligence chips for Tesla Inc (NASDAQ:TSLA), with production set to take place at the Korean giant's new facility in Taylor, Texas. The deal, confirmed by Elon Musk on his social media platform, is for Tesla's next-generation AI6 chips and runs until the end of 2033.
Shares in Samsung Electronics fell 1% on Tuesday after the South Korean technology company staged a powerful rally in the previous session on news of a $16.5 billion deal to supply chips to Tesla.
Waymo, the leading U.S. robotaxi operator, plans to launch the autonomous ride service in Dallas next year, its second market in Texas, where it's partnering with Avis to keep its growing fleet of electric vehicles in service. The Alphabet Inc. unit's steady expansion pace draws a sharp contrast with Tesla, which remains in test mode despite CEO Elon Musk's continued claims of its autonomous tech prowess.
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.