Tesla and SpaceX confirmed Thursday they will build 'Terafab,' a vertically integrated semiconductor fabrication facility in Grimes County, Texas, near College Station, with an initial investment of $16.8 billion. Governor Greg Abbott announced the project, which will be located at the site of the former Gibbons Creek Power Plant.
Tesla and SpaceX confirmed Thursday they will build 'Terafab,' a vertically integrated semiconductor fabrication facility in Grimes County, Texas, near College Station, with an initial investment of $16.8 billion. Governor Greg Abbott announced the project, which will be located at the site of the former Gibbons Creek Power Plant.
SpaceX has significantly increased its procurement of Tesla's Megapack battery storage systems, spending $329 million on the devices so far in 2026, representing a major inter-company transaction between Elon Musk's aerospace and electric vehicle companies.
SpaceX has significantly increased its procurement of Tesla's Megapack battery storage systems, spending $329 million on the devices so far in 2026, representing a major inter-company transaction between Elon Musk's aerospace and electric vehicle companies.
Cryptocurrency exchange Bybit announced on July 31, 2026, that it will allow users to pledge six tokenized stocks (xStocks) as collateral across its margin trading, crypto loans, and institutional lending services. The tokenized equities include shares of Nvidia, Apple, Tesla, Robinhood, Circle, and Google.
Bitcoin remained resilient around $65,400 on Friday while the Magnificent Seven megacap tech stocks experienced their worst trading day since April 2025, shedding $797 billion in market value amid concerns over AI capital expenditure forecasts from Alphabet and Tesla earnings disappointments.
Tesla maintained its Bitcoin treasury at 11,509 BTC through the second quarter of 2026 and reported a $112 million after-tax fair-value loss on its digital asset holdings as Bitcoin declined during the quarter.
Around 20,000 protesters gathered in Geneva on June 14, 2026, ahead of the G7 summit in nearby Evian, France. What began as a peaceful march escalated into violence as demonstrators targeted symbols of capitalism and multilateralism, setting fire to a parked Tesla and smashing windows at a UN office.
