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Ford's first $30,000 shot at increasing U.S. EV demand has a name
TheStreet9d agoneutral
Ford's first $30,000 shot at increasing U.S. EV demand has a name

Ford has been losing billions on its electric vehicle ambitions for years, so the company has switched gears. Instead of making high-end EVs that cost a lot more than its gas-powered and hybrid offerings, Ford decided to go the other way and target EVs that are affordable. It's a strategy that has ...

Is Michael Burry Wrong About Everything?
24/7 Wall St.9d agoneutral
Is Michael Burry Wrong About Everything?

Michael Burry called the 2008 housing collapse and became a legend, but his string of bearish bets against AI and the current market rally raises a question he keeps dodging: what does his actual track record look like when you demand proof?

Investing.com9d agoneutral
Musk’s megaproject gets real: $16.8B chip plant confirmed for Grimes County

Investing.com -- Elon Musk’s ambition to build the world’s largest semiconductor factory is officially moving forward. Today, Texas Governor Greg Abbott joined SpaceX and Tesla to confirm that Terafab—a massive, vertically integrated chip manufacturing plant—will be built in Grimes County, Texas. While Musk teased the project earlier this year, today’s announcement locks in the location and the staggering financials for the first phase of construction. Structured as a formal joint venture betwee

SpaceX, Tesla to initially spend $16.8 billion on Terafab chip plant in Texas
Reuters9d agoneutral
SpaceX, Tesla to initially spend $16.8 billion on Terafab chip plant in Texas

Elon Musk's SpaceX and Tesla will initially invest $16.8 billion to build Terafab, an advanced AI semiconductor complex in Grimes County, Texas, as the ‌companies race to secure the chip capacity that the billionaire has called essential ‌to their future. The facility is intended at narrowing the gap between global chip supply and the more than ​1 terawatt of computing power that SpaceX and Tesla expect to need in the coming years. Future expansion phases could push total investment much higher, SpaceX said in a statement on its website on Thursday, adding that the facility would employ at least 3,000 people.