BREAKING: At the Baron Investment Conference on November 6, Ron Baron said Terafab, the chip venture of Tesla and SpaceX would cost $1 trillion.
Musk, speaking by video, replied that it probably will over time, although the money will be spent in phases.
An earlier published estimate put Terafab's total cost at more than $100 billion.
On August 6, Texas Gov. Greg Abbott's office estimated the first phase at Gibbons Creek in Grimes County at more than $16.8 billion, on a 100-million-square-foot site.
Musk said Terafab aims to produce a terawatt of AI chips a year, a goal he called "terrifyingly large."
He estimated 2026 global AI chip output at around 20 to 25 gigawatts and 2027 output at roughly 35 to 45 gigawatts#ElonMusk
Musk, speaking by video, replied that it probably will over time, although the money will be spent in phases.
An earlier published estimate put Terafab's total cost at more than $100 billion.
On August 6, Texas Gov. Greg Abbott's office estimated the first phase at Gibbons Creek in Grimes County at more than $16.8 billion, on a 100-million-square-foot site.
Musk said Terafab aims to produce a terawatt of AI chips a year, a goal he called "terrifyingly large."
He estimated 2026 global AI chip output at around 20 to 25 gigawatts and 2027 output at roughly 35 to 45 gigawatts#ElonMusk