Tesla (TSLA) Stock Is Up, What You Need To Know

Shares of electric vehicle pioneer Tesla (NASDAQ:TSLA) jumped 4% in the afternoon session after the company announced a significant, multi-billion dollar contract with Samsung Electronics to produce its next-generation AI chips. The deal, valued at approximately $16.5 billion, secured a long-term supply of semiconductors for Tesla through the end of 2033. Tesla CEO Elon Musk confirmed the partnership, stating that Samsung's new factory in Texas would be dedicated to manufacturing Tesla's next-ge