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Tesla CEO Musk Says Placed Equipment Orders For Our Development Fab in Austin

Jul 22, 2026 · 05:46 PM ET· updated 2h ago

-Conference Call

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Why It Matters

Elon Musk said Tesla ordered equipment to build a factory in Austin that will make computer chips. This shows Tesla is investing money to control more of its own production, which could help it make cars faster or cheaper in the future.

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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.

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