Tesla is expanding ties with LG Energy Solution and has agreed to buy $4.3 billion worth of battery cells for energy storage systems produced in Lansing, Michigan. The cells will be made by LG at a plant that was formerly developed for a joint venture between the Korean battery giant and General Motors before the automaker decided to retreat.
Elon Musk's latest undertaking as he works to transform his car company into an AI powerhouse: Build a chip factory.
Shares of Tesla moved higher early Tuesday as US equities extended gains from the previous session, supported by ongoing developments in the Iran conflict. The S&P 500 rose about 0.6%, while the Nasdaq Composite gained nearly 0.7%.
Beyond Meat (BYND) delays its 2025 annual report filing to review inventory balances, including excess and obsolete stock provisions. Tesla (TSLA) and LG Energy Solution confirm a $4.3B battery deal, with a new Michigan factory to supply Megapack 3 systems by 2027.
Tech stocks look to rise a bit in early trading as risk appetite seems to be returning. That being said, there are still concerns of the occasional errant headline causing chaos.
Tesla plunges into the world of semiconductors—this week—to help make its AI dreams come true.
BYD overtook Tesla in global EV sales last year, but that's just the first problem. While Tesla's product lineup continues to age, BYD just announced 11 new models.
Australian graphite miner Syrah Resources said on Monday it agreed with Tesla to extend for a fourth time a deadline to resolve an alleged default under their graphite supply agreement to June 1.
Tesla CEO Elon Musk announced Saturday his company's "Terafab Project" for in-house artificial intelligence chips will begin on March 21.
Elon Musk announced Tesla's Terafab project, set to launch in 7 days, to produce AI chips for its self-driving tech.
Tesla is stopping production of its Model S and Model X and pivoting towards robotics and autonomous vehicles. Rivian has navigated some difficult times but has managed to keep the much-anticipated launch of its new R2 vehicle on track.
Tesla CEO Elon Musk said on Saturday that the Terafab project will launch in seven days.