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Daniel Ives of Wedbush Securities ... Street-leading $600 price objective after CEO Elon Musk revealed plans for an extensive chip manufacturing initiative dubbed Terafab....
Ives is a five-star analyst on TipRanks, ranking #717 out of 12,128 analysts tracked. He has a 51% success rate and an average return per rating of 11.30%. Musk announced that SpaceX and Tesla will build two advanced chip factories in Austin, Texas.
Investor Dan Ives, who is the managing director of Wedbush Securities, thinks that the Tesla Inc. (NASDAQ:TSLA) Terafab AI chip project could be hinting towards a possible SpaceX merger next year.
Funding draws from Tesla's $30B+ cash reserves, SpaceX valuations, and xAI's post-merger synergies. Musk eyes government incentives under CHIPS Act extensions, given Austin's tech hub status.
Elon Musk announced TeraFab, a $25 billion joint chip fabrication venture between Tesla, SpaceX, and xAI targeting two-nanometer process technology. Ram Ahluwalia calls the entire thing bullshit.
Jensen Huang, who knows this supply chain as well as anyone alive, has publicly said that matching TSMC’s capabilities would be “extremely hard” — that it demands mastering decades of engineering, science, and craftsmanship that brand or money alone cannot buy.
Sixth, Terafab is explicitly designed with space in mind. Musk and the project team emphasize that orbital AI compute offers compelling cost advantages over Earth-based data centers due to abundant solar power, natural cooling in vacuum and ...
It aims to consolidate every stage of the semiconductor device production process, including chip design, fabrication (including lithography), memory production, advanced packaging, and testing to produce integrated circuits, memory modules and multi-chip modules under one roof. Initial prototype fab operations are to be focused in Austin, Texas, with a total cost expected in the range of US$20−25 billion.[3][2][1][4] The full-scale Terafab is to be built at a yet to be determined location.
TSMC remains the industry leader in foundry, with a massive installed capacity, extensive customer base, and ecosystem. However, combining an advanced node, the use of High-NA EUV per Intel’s roadmaps, and Tesla as a potential client provides Intel with an argument it lacked before: not just promising, but starting to demonstrate real external demand.
The war in the Middle East is threatening to disrupt the supply of production materials for semiconductors such as helium and hydrogen, but TSMC said it had safety stock on hand and sources from multiple suppliers in different regions. The potential for greater competition has grown after Elon Musk last month announced plans for Tesla to build a "Terafab", an advanced AI chip complex in Austin.
To this, Elon Musk replied to Wei's recent statement, and clarified that SpaceX & Tesla will always be major customers of TSMC, and not competitors in the normal sense of the word.
Musk said in March his space startup SpaceX and Tesla would build two advanced chip factories at this sprawling facility, one to power cars and humanoid robots, and another designed for the space data centers.
The ambition follows work by SpaceX, its xAI unit and Tesla to jointly develop the Terafab, an advanced AI chip manufacturing complex that CEO Elon Musk is planning in Austin, Texas.
Tesla officially filed detailed site plans with Travis County, Texas, outlining a massive expansion of Giga Texas that includes the new Terafab North Campus dedicated to next-generation AI chip research and production, alongside a sprawling ...
“We couldn’t possibly fit the Terafab on the GigaTexas campus,” Musk wrote on X. “It will be far bigger than everything else combined there.” He said several locations are currently under consideration for it. No, that’s just the little advanced technology fab, where we will be iterating on chip designs. We couldn’t possibly fit the Terafab on the GigaTexas campus.
Construction is underway north of Tesla’s Gigafactory Texas site in Austin as Elon Musk outlines plans for the massive Terafab chip project.
The Terafab chip factory announced March 21 is designed to produce custom D3 radiation-hardened processors specifically for these orbital satellites — with 80% of Terafab’s production allocated to space applications.
At the heart of TERAFAB is a clear allocation of output: approximately 80% for space based orbital AI data centers and 20% for terrestrial applications. Musk explained that Earth’s power grid (U.S. electricity generation is only about 0.5 TW) simply cannot support the required scale on the ground.
About 20% of the Terafab facility’s annual output will be for “terrestrial” purposes, including chips for Tesla’s Full Self-Driving and Optimus robots, according to the presentation. The remaining capacity will be for space applications, including orbital data centers.
The logic behind it is strikingly simple: Tesla needs chips for autonomous vehicles, for the humanoid robot Optimus, and for AI inference; SpaceX requires radiation-proof space chips for a planned orbital data center infrastructure; and xAI, according to Musk himself, will claim the majority of the total capacity. Since existing suppliers like TSMC and Micron Technology can no longer fully meet the steadily growing demand, Musk sees no other way: "We either build the Terafab or we don'