'Tesla Had No Place To Send The Nvidia Chips,' Says Elon Musk After Report Suggests He Diverted Thousands Of AI Chips Reserved For EV Giant To X And xAI: 'They Would Have Just Sat In A Warehouse'
Portfolio Pulse from Ananya Gairola
Elon Musk redirected thousands of Nvidia chips initially reserved for Tesla to X and xAI due to a lack of facilities to activate them. This decision could delay Tesla's autonomous vehicle and robotics development.
June 05, 2024 | 1:53 am
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NEUTRAL IMPACT
Nvidia chips initially reserved for Tesla were redirected to X and xAI by Elon Musk. This could impact Nvidia's revenue from Tesla in the short term.
While the redirection of Nvidia chips may impact Tesla's development, it is less likely to have a significant short-term impact on Nvidia's stock price as the company continues to have a strong market position.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Elon Musk redirected Nvidia chips from Tesla to X and xAI due to a lack of facilities to activate them. This could delay Tesla's autonomous vehicle and robotics development.
The redirection of Nvidia chips from Tesla to X and xAI could delay Tesla's autonomous vehicle and robotics development, negatively impacting its stock price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100