Tesla's AI Chip Plans Boost Stock, But Volatility Persists
Update: 2025-11-24
Description
Teslas stock surged by nearly seven percent following CEO Elon Musks announcement on X about producing AI chips in volumes exceeding all other AI chip makers combined. This news highlights Teslas rapid internal development of AI chips and its ambitions in the semiconductor industry, reinforcing the belief that the companys future extends beyond electric vehicles. Musk shared that the AI four chip is already in use, the AI five is nearly ready, and the AI six is in early development. The recent jump in stock price suggests the market views Musks announcement as significant, though not a fundamental shift in perception. Teslas stock is up ten point seven percent since the beginning of the year, trading at around four hundred twenty dollars per share, about twelve point five percent below its fifty-two-week high.
The Daily News Now! — Every city. Every story. AI-powered.
Hosted on Acast. See acast.com/privacy for more information.
Comments
In Channel
Download from Google Play
Download from App Store
United States00:00
00:00
x
