Tesla's China-made electric vehicle sales rose 37.8% year-on-year in July, marking the ninth consecutive month of growth in the Chinese market. In early August, Tesla and SpaceX confirmed Grimes County, Texas, as the site for their joint 'Terafab' project. This facility is a semiconductor megafactory dedicated to giant chip manufacturing, with formal confirmation of the project finalized by August 10.
Tesla and SpaceX formally confirmed the Terafab project in Texas, committing $16.8 billion for the first phase with a long-term $119 billion ceiling.
Read the full storyGrimes County, Texas, selected for the joint semiconductor facility to secure supply chains and address global chip shortages.
Tesla marks its ninth consecutive month of sales growth in China, driven by sustained demand and production stability.