Tesla Shares Rise on Completion of AI5 Chip Design Process

Published: 2026-04-15 13:14:13 ET TSLA

Published on 04/15/2026 at 01:14 pm EDT

By Elias Schisgall

Shares of Tesla rose after Chief Executive Elon Musk said the company had completed the final stage of the design process for its AI5 chip.

Shares were up 6.8% to $388.92 in Wednesday afternoon trading. The stock is down 14% this year.

Tesla's chip design team reached the tapeout stage for AI5, referring to the transition from design to fabrication, Musk wrote in a post on his social media platform X.

The AI5 chip will be manufactured by TSMC and Samsung, whom Musk thanked on X. "IT will be one of the most produced AI chips ever," Musk wrote.

Tesla is currently designing its next-generation AI6 chip, which Samsung agreed to produce last year in a $16.5 billion deal. The company is also working on its Dojo3 chip for artificial-intelligence supercomputing, Musk said.

Tesla and SpaceX, Musk's rockets and AI company are also collaborating on a project to build a massive chip facility in Texas, which is designed to bypass the constraints of third-party chip suppliers.

Write to Elias Schisgall at [email protected]

(END) Dow Jones Newswires

04-15-26 1313ET