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Barchart
Anushka Dutta

Elon Musk Just Announced a ‘Herculean Task’ for Tesla. Can TSLA Stock Survive and Thrive?

Elon Musk United States Tesla Inc. GLJ Research

Electric vehicle (EV) industry leader Tesla (TSLA) is set to build two new chip factories at its Austin, Texas, facility in partnership with SpaceX. CEO Elon Musk has stated that the advanced AI chip complex, with two factories, is expected to power cars and humanoid robots, and another is designed for artificial intelligence (AI) data centers in space. 

However, this infrastructure buildout is set to entail high costs, scale, and complexity, which Morgan Stanley analysts believe is a “Herculean task.” Analysts wrote in a note that the objective of building “logic, memory, and packaging from a standing start” is quite challenging, and an amount of $20 billion or more over several years is likely insufficient to fully cover development costs.

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