- Entry
- $401.25
- Final
- $411.82 +2.6%
- Target
- $450.00
- Score
- +0.22
Tesla shares jumped over 6% on Monday, driven by CEO Elon Musk's announcement that the company plans to build more AI chips than all competitors combined. Musk stated he is "deeply involved" in design meetings and revealed Tesla is hiring aggressively for its chip development push, with AI5 chips nearing tape-out and early work beginning on AI6. The company has already deployed several million proprietary chips across its vehicles and data centers to power its real-world AI systems. Melius Research …
— ORIGINAL POST ·
Tesla Surges 7% as Musk Touts AI Chip Ambitions Amid Regulatory Hurdles
· r/investing
· Nov 24, 2025