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Tesla stock adds nearly 8% as Elon Musk touts chip progress

Cnbc · · 411 words · By Lora Kolodny
open_in_new Read the original article: https://www.cnbc.com/2026/04/15/tesla-tsla-stock-analyst-upgrade-software-update…

fact_checkFact-Check Results

16 claims extracted and verified against multiple sources including cross-references, web search, and Wikipedia.

schedule Pending 6
info Single Source 4
check_circle Corroborated 3
help Insufficient Evidence 2
verified Verified By Reference 1
info
“Tesla stock closed nearly 8% higher on Wednesday at $391.95 per share”
SINGLE SOURCE
The specific closing price of $391.95 and the 8% increase are reported by Thehill.in, but other search results provide conflicting or unrelated stock data (e.g., one source mentions an opening price of $433.45 on May 13), making it impossible to corroborate across multiple independent sources.
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web search NEUTRAL — Tesla. stock closed nearly 8% increased on Wednesday at $391.95 per share after CEO Elon Musk touted progress on the corporate’s forthcoming AI5 chip.
https://thehill.in/tesla-stock-adds-nearly-8-as-elon-musk-to…
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web search NEUTRAL — Tesla stock opened at $433.45 on Wednesday, May 13, sitting close to its 52-week high of $498.83, and has a 50-day moving average of $384.23, reflecting the powerful rally the stock has sustained thro…
https://www.foreignpolicyjournal.com/2026/05/13/major-invest…
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web search NEUTRAL — TSLA | Complete Tesla Inc. stock news by MarketWatch. View real-time stock prices and stock quotes for a full financial overview.Market Cap $1.61T. Shares Outstanding 3.76B. Public Float 2.91B. Beta 1…
https://www.marketwatch.com/investing/stock/tsla
info
“Musk said in a post on his social network X that the chip has reached a key engineering milestone and is getting closer to production.”
SINGLE SOURCE
While there is a search result mentioning Elon Musk announcing 'Terafab' on X, the specific phrasing regarding the AI5 chip reaching a 'key engineering milestone' is not explicitly corroborated by multiple independent sources in the provided evidence.
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web search NEUTRAL — Get access to metatrends 10+ years before anyone else - https://qr.diamandis.com/metatrends Elon Musk is the cofounder and CEO of Tesla, cofounder of SpaceX...
https://www.youtube.com/watch?v=RSNuB9pj9P8
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web search NEUTRAL — Elon Musk (@elonmusk) on X Have you heard dis information?
https://twitter.com/elonmusk/status/1706676593261785178
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web search NEUTRAL — Elon Musk announces Terafab, $25B chip facility in Austin.
https://x.com/elonmusk
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“Tesla is also planning to build two advanced chip factories in Austin, Texas, in partnership with SpaceX — one to make chips for vehicles and robots, and another to produce chips for use in orbital data centers.”
CORROBORATED
Multiple sources (EE Times, Electrek, and other web results) discuss the 'Terafab' project in Austin involving Tesla and SpaceX, specifically aimed at AI chips for robotics, vehicles, and data centers.
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web search NEUTRAL — The company was incorporated in July 2003 by Martin Eberhard and Marc Tarpenning as Tesla Motors. Its name is a tribute to the inventor and electrical engineer Nikola Tesla.
https://en.wikipedia.org/wiki/Tesla,_Inc.
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web search NEUTRAL — Tesla is building a world of amazing abundance with AI, electric cars, solar, home batteries and integrated renewable energy solutions for homes and businesses.
https://www.tesla.com/
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web search NEUTRAL — Tesla, Inc. designs, develops, manufactures, leases, and sells electric vehicles, and energy generation and storage systems in the United States, China, and internationally.
https://finance.yahoo.com/quote/TSLA/?fr=sycsrp_catchall
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“Intel recently joined the Tesla-SpaceX Terafab project.”
CORROBORATED
Multiple independent sources (EE Times, Electrek, and another news summary) explicitly state that Intel has joined the Tesla-SpaceX Terafab project.
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web search NEUTRAL — Intel Joins Tesla, xAI & SpaceX’s Terafab Project – Aiming for 1 Terawatt/Year of AI Compute! Intel has officially announced it is partnering with Tesla, xAI, and SpaceX on the massive Terafab project…
https://www.linkedin.com/posts/ee-times_intel-enters-pact-wi…
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web search NEUTRAL — Tesla SpaceX terafab. Tesla is not actually going to build its own chip fab.If Musk has quietly accepted that Tesla’s “gigantic chip fab” is really going to be an Intel fab with Tesla’s name on the pu…
https://electrek.co/2026/04/07/tesla-terafab-intel-joins-fou…
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web search NEUTRAL — Intel has joined Elon Musk’s Terafab initiative alongside Tesla and SpaceX to build advanced AI chips for robotics, vehicles, and future data centers. Quick Summary – TLDR: Intel partners with Tesla a…
https://sqmagazine.co.uk/intel-musk-terafab-ai-chip-project-…
info
“UBS analysts upgraded their rating on the stock from sell to hold on Tuesday, and increased their price target by about a dollar to $352.”
SINGLE SOURCE
The specific upgrade from 'sell to hold' and the price target of $352 are not found in the general UBS search results, though they appear in the context of the same reporting cycle as claim 6. Without a second independent financial news source confirming the exact numbers, it remains a single-source claim.
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web search NEUTRAL — Starting on 9 June 2003, all UBS business groups, including UBS Paine Webber and UBS Warburg, were rebranded under the UBS moniker following company's start of operations as a unified global entity.
https://en.wikipedia.org/wiki/UBS
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web search NEUTRAL — Wealth management services in the United States are provided by UBS Financial Services Inc. Member SIPC
https://onlineservices.ubs.com/olsauth/ex/pbl/ubso/dl
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web search NEUTRAL — 2 days ago · Get UBS Group AG (UBS:NYSE) real-time stock quotes, news, price and financial information from CNBC.
https://www.cnbc.com/quotes/ubs
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“The stock gained just over 3% on Tuesday and has rallied more than 12% so far this week.”
SINGLE SOURCE
The provided evidence for stock movement on Tuesday is contradictory or vague; one source says the stock 'slipped' on Tuesday, while the claim says it 'gained just over 3%'. No specific data confirms the 12% weekly rally.
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web search NEUTRAL — View live Tesla chart to track its stock's price action. Find market predictions, TSLA financials, and market news.
https://www.tradingview.com/symbols/NASDAQ-TSLA/
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web search NEUTRAL — After a string of gains, Tesla (TSLA) stock slipped on Tuesday ahead of CEO Elon Musk’s trip to China with President Trump on Thursday.While Tesla’s FSD is considered to be more advanced than BYD’s, t…
https://finance.yahoo.com/sectors/technology/article/tesla-s…
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web search NEUTRAL — What is the Tesla 52-week high and low stock price?
https://www.macrotrends.net/stocks/charts/TSLA/tesla/stock-p…
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“UBS analysts led by Joseph Spak wrote in their upgrade that news that Tesla is working on a new, smaller SUV is a "welcome development"”
CORROBORATED
Both Thehill.in and Los Angeles Weekly Times report that UBS analysts led by Joseph Spak viewed the news of a new, smaller SUV as a 'welcome development'.
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web search NEUTRAL — Flipping from a beforehand bearish outlook, UBS analysts led by Joseph Spak wrote of their improve that information that Tesla is engaged on a new, smaller SUV is a “welcome development,” given the ag…
https://thehill.in/tesla-stock-adds-nearly-8-as-elon-musk-to…
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web search NEUTRAL — Flipping from a previously bearish outlook, UBS analysts led by Joseph Spak wrote in their upgrade that news Tesla is working on a new, smaller SUV is a “welcome development,” given the firm’s view th…
https://losangelesweeklytimes.com/tesla-stock-pops-as-elon-m…
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web search NEUTRAL — Tesla may be pivoting back to the mass market just as it prepares to go all-in on autonomy. According to a new report from Reuters, the automaker is in the early development stages of an all-new, smal…
https://www.notateslaapp.com/news/3932/tesla-is-secretly-wor…
verified
“The company's lineup currently includes its Model 3 sedan, Model Y SUV and angular steel Cybertruck.”
VERIFIED BY REFERENCE
Wikipedia and other sources confirm the existence and production of the Model 3, Model Y, and Cybertruck as part of Tesla's vehicle lineup.
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web search NEUTRAL — Tesla vehicle chassis used in Model S and X, with the battery visible. Comparison of Tesla's three cylindrical battery cell form factors.
https://en.wikipedia.org/wiki/Tesla,_Inc.
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web search NEUTRAL — My Vehicles Add My Tesla. Tesla’s Larger, 3-Row Model Y L Now Expected to Be Available Globally, Range Revealed.Model Y L. In short, Tesla is using an 82kWh LG battery using NMC battery chemistry. Her…
https://www.notateslaapp.com/news/3015/china-only-not-anymor…
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web search NEUTRAL — Tesla Model 3 for sale.Model S became the plug-in best-seller in 2015 and 2016, and the second best in 2017. Who Drives Tesla Cars: Tesla’s production lines could operate thanks to private fundings an…
https://www.jamesedition.com/cars/tesla/cybertruck
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“The company has stopped selling its flagship Model S and X vehicles in order to transition part of its Fremont, California, factory to produce its humanoid robot, Optimus, now in development.”
INSUFFICIENT EVIDENCE
No evidence was found in the search results to support the claim that Tesla stopped selling Model S and X to repurpose the Fremont factory for Optimus.
help
“Tesla launched the spring update for its in-vehicle software, including features that make it easier for customers to subscribe to the company's premium, Full Self Driving (Supervised) option, and to view statistics in their touchscreens about how often they are using it.”
INSUFFICIENT EVIDENCE
No evidence was found in the search results regarding a 'spring update' with these specific FSD subscription and statistics features.
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“FSD (Supervised) costs $99 per month currently in the U.S.”
PENDING
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“FSD (Supervised) can automatically handle some steering, lane changes, and parking, under active driver supervision.”
PENDING
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“FSD (Supervised) does not make Tesla vehicles autonomous.”
PENDING
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“The company is testing a small number of driverless vehicles in its Robotaxi ride-hail service in Austin, Texas.”
PENDING
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“The spring software update also included changes to the in-vehicle capabilities of AI chatbot Grok, made by Musk's xAI, which is now owned by his rocket maker SpaceX.”
PENDING
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“Drivers can now say, "Hey Grok" to wake the app and start using it hands-free in Tesla EVs.”
PENDING
info Disclaimer: This analysis is generated by AI and should be used as a starting point for critical thinking, not as definitive truth. Claims are verified against publicly available sources. Always consult the original article and additional sources for complete context.