00:00It's Benzinga bringing Wall Street to Main Street.
00:02Tesla CEO Elon Musk said Thursday the company may need to build a gigantic semiconductor fabrication
00:07plant to meet a demand for its AI and robotics projects, that according to CNBC. Speaking of
00:12Tesla's annual shareholder meeting, Musk said the automaker currently relies on TSMC and Samsung
00:17for chip production, but even their best-case output is insufficient. He added that Tesla's
00:22TerraFab could eventually reach out to 1 million wafer starts per month, compared with TSMC's 1.42
00:28million. Musk also announced production of Tesla's pedal and steering wheel-free autonomous
00:33CyberCab to begin in April, highlighting Tesla's growing focus on AI and robotics as key to future
00:38economic expansion. For all things money, visit Benzinga.com.
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