Elon Musk’s $119 Billion Gambit: The Real Reason He’s Building the World’s Largest Chip Plant.
On March 21, 2026, at the Seaholm Power Plant in Austin, Elon Musk unveiled “the most epic chip-building exercise in history”: Terafab, a joint venture between Tesla (NASDAQ:TSLA), SpaceX, and xAI, with Intel (NASDAQ:INTC) as foundational manufacturing partner. The stated goal: one terawatt of AI...