Last mentioned: 6h ago
2026 Production Target
Lucid aims for 25,000-27,000 units, led by the Gravity SUV ramp.
Tesla Market Exit
Tesla begins phasing out Model S and Model X production.
Projected Launch
Expected groundbreaking or phase-one commencement for the Terafab facility.
Official Announcement
Musk confirms the Terafab project will launch in seven days.
Initial Concept
Elon Musk first mentions the necessity of Tesla building its own gigantic chip fab.
Record Deliveries
Lucid completes 2025 with ~18,300 vehicles produced, double the prior year.
Tesla CEO Elon Musk has announced the imminent launch of the 'Terafab' project, a massive semiconductor fabrication facility dedicated to producing the company's fifth-generation AI chips. This strategic pivot toward vertical integration aims to eliminate Tesla's reliance on external foundries and secure the hardware pipeline for its autonomous driving technology.
Lucid Group is navigating a complex manufacturing landscape, forecasting 40-50% production growth in 2026 despite persistent supply chain headwinds. The company is positioned to capture significant market share as Tesla prepares to discontinue its Model S and Model X lines in the second quarter.