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Tesla Stock Rises on Musk’s AI Chip Revelation

Tesla Stock Rises on Musk’s AI Chip Revelation

Author:

Global Cryptocurrency

Published:

2025-11-24 10:39:02

15

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BTCCSquare news:

Tesla shares gained 1.5% in premarket trading after Elon Musk disclosed the company's longstanding AI chip development program. The CEO revealed Tesla has deployed millions of custom AI chips across its vehicle fleet and data centers, with next-generation AI5 chips slated for 2027 production.

Musk's ambitious claim that Tesla aims to eventually produce more AI chips than all competitors combined sparked investor interest. Piper Sandler maintained its Overweight rating and $500 price target, citing Tesla's dual advantage in AI hardware and Full Self-Driving software development.

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