Key Highlights
- Tesla shares rose 12% in the past month, surpassing gains from Nvidia and Alphabet during this timeframe.
- Tesla and SpaceX have committed to a $16.8 billion initial investment for the Terafab chip manufacturing complex in Texas, projected to generate a minimum of 3,000 jobs.
- Previous filings indicate the Terafab initiative may grow to $119 billion through subsequent development phases.
- The company’s 1.7-million-square-foot Semi production facility in Nevada is scheduled to begin operations on Sept. 24, with capability to manufacture up to 50,000 trucks annually.
- Current publicly disclosed Tesla Semi orders total approximately 1,500 vehicles, representing a fraction of the factory’s designed production volume.
Tesla (TSLA) shares have delivered stronger returns than numerous prominent technology stocks this month as the electric vehicle manufacturer progresses with its Terafab semiconductor initiative and readies its Semi manufacturing plant in Nevada for launch.
Tesla equity advanced 12% during the trailing month. Alphabet recorded an 8% increase, while Nvidia posted a 3% gain. Meta and Apple experienced declines, whereas Microsoft surged 29% and Amazon matched Tesla’s 12% advancement.
Terafab Development Propels TSLA Stock Higher
Terafab AI finalized a tax-value limitation arrangement with Anderson-Shiro Consolidated Independent School District located in Texas. State authorities released the agreement on Tuesday following the conclusion of the June application period.
Tesla and SpaceX intend to commence construction at the Grimes County location in December 2028. The companies forecast an opening investment of $16.8 billion alongside employment opportunities for at least 3,000 individuals. Previous documentation revealed the venture could ultimately reach $119 billion. Throughout the construction period, qualified property will maintain zero taxable value for school maintenance assessments. Between 2029 and 2038, valuations will equal fifty percent of fair market value.
The proposed 100-million-square-foot facility will focus on manufacturing, packaging, and testing cutting-edge logic and memory semiconductors. Tesla will oversee research and prototype development, while SpaceX will handle large-scale production operations.
Both organizations plan to deploy these semiconductors across Optimus humanoid robots, Cybercabs, SpaceX hardware systems, and xAI data processing centers. SpaceX has established a collaboration with Intel and intends to utilize Intel’s 14A semiconductor technology. Goldman Sachs forecasts worldwide chip-equipment expenditure will climb from $150 billion in 2026 to $218 billion in 2027 and reach $281 billion in 2028 as manufacturing capacity expands globally.
Nevada Semi Production Facility Approaches September Launch
Tesla has scheduled the opening of its 1.7-million-square-foot Semi manufacturing facility in Nevada for Sept. 24. The company anticipates the initial production ramp will proceed gradually ahead of the official launch date.
The facility possesses annual manufacturing capability for up to 50,000 commercial trucks. Tesla secured a 500-vehicle order from Einride recently, while WattEV committed to 370 units and Big F Transport placed an order for 40 trucks. The Semi garnered 965 of 1,067 applications filed with California’s clean-truck incentive initiative.
Tesla prices its 325-mile range Semi at approximately $260,000, with the 500-mile variant available for roughly $290,000. The company’s Megacharger technology can replenish 70% of operational range in approximately 30 minutes.
Current publicly disclosed Semi orders reach about 1,500 vehicles, considerably below the plant’s annual manufacturing capacity. Tesla plans to announce European specifications and distribution strategies at Germany’s IAA Transportation exhibition scheduled for September 2026.
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