Elon Musk Blinks? Tesla’s Terafab May Reportedly Lean on TSMC After All

What happened: Elon Musk is reportedly reconsidering how much control Tesla keeps over its Terafab chip project in Texas, and may let TSMC take a bigger role in building and running it, per Digitimes supply chain sources. Key numbers: Tesla shares closed 0.87% lower at $399.81 and rose 0.10% to $400.22 after hours. Why it matters: The report says talks could shift toward TSMC taking primary responsibility for fab construction and operations, while equity and investment arrangements remain under discussion. Intel's role is not mentioned in the report. Market: -28.6% today ($65.76), +67.0% YTD, 4.2x vol — as of 00:45 UTC

Elon Musk is reportedly reconsidering how much control Tesla keeps over its Terafab chip project in Texas, and may let TSMC take a bigger role in building and running it, per Digitimes supply chain sources.

The report says talks could shift toward TSMC taking primary responsibility for fab construction and operations, while equity and investment arrangements remain under discussion. Intel's role is not mentioned in the report. Market: -28.6% today ($65.76), +67.0% YTD, 4.2x vol — as of 00:45 UTC