TSLA Stock Beats Nvidia as Musk’s Terafab Plan Advances

TLDR

• TSLA stock gained 12% over the past month, outperforming Nvidia and Alphabet during the same period.
• Tesla and SpaceX plan an initial $16.8 billion investment in Terafab, with the Texas chip complex expected to create at least 3,000 jobs.
• The Terafab project could eventually expand to $119 billion, according to earlier filings covering additional construction phases.
• Tesla plans to open its 1.7-million-square-foot Semi factory in Nevada on Sept. 24, with annual capacity of up to 50,000 trucks.
• Publicly announced Tesla Semi orders remain near 1,500 units, despite the factory’s much larger planned production capacity.

Tesla (TSLA) stock has outpaced several major technology shares this month as Tesla moves forward with its Terafab chip project and prepares to open its Semi factory in Nevada.

Tesla, Inc., TSLA

Tesla shares gained 12% over the past month. Alphabet rose 8%, while Nvidia gained 3%. Meta and Apple declined, while Microsoft climbed 29% and Amazon also advanced 12%.

TSLA Stock Gains as Terafab Moves Forward

Terafab AI signed a tax-value limitation agreement with Anderson-Shiro Consolidated Independent School District in Texas. The state published the agreement Tuesday after the application process ended in June.

Tesla and SpaceX plan to start construction at the Grimes County site in December 2028. They expect an initial investment of $16.8 billion and at least 3,000 jobs. Earlier filings showed the project could expand to $119 billion. During construction, eligible property would carry no taxable value for school maintenance taxes. From 2029 through 2038, the value would equal half of market value.

The planned 100-million-square-foot complex would manufacture, package, and test advanced logic and memory chips. Tesla would lead research and prototyping, while SpaceX would manage high-volume production.

The companies plan to use the chips in Optimus robots, Cybercabs, SpaceX systems, and xAI data centers. SpaceX also partnered with Intel and plans to use Intel’s 14A chip technology. Goldman Sachs expects global chip-equipment spending to rise from $150 billion in 2026 to $218 billion in 2027 and $281 billion in 2028 as new capacity expands.

Tesla Semi Factory Nears September Opening

Tesla plans to open its 1.7-million-square-foot Semi factory in Nevada on Sept. 24. However, the company expects the early production ramp to move slowly before its scheduled opening.

The plant can produce up to 50,000 trucks a year. Tesla recently received a 500-truck order from Einride, while WattEV ordered 370 units and Big F Transport ordered 40. The Semi also received 965 of 1,067 applications submitted to California’s clean-truck incentive program.

Tesla lists its 325-mile Semi at about $260,000 and the 500-mile version at about $290,000. Its Megacharger can reportedly restore 70% of driving range in about 30 minutes.

Publicly announced Semi orders total about 1,500 trucks, far below annual factory capacity. Tesla plans to release European specifications and rollout details during Germany’s IAA Transportation show in September 2026.

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