Musk says Terafab will produce its first chip by mid-2027

Elon Musk said his Terafab chip factory in Austin will make its first test chip around May or June 2027, with real production in late 2028. The project is a joint venture between SpaceX and Tesla, with long-term capital spending expected to exceed $100 billion.

• First test chip at Terafab expected around May–June 2027
• Real production targeted for late 2028
• Long-term capital equipment spending to exceed $100 billion
• Terafab is a SpaceX-Tesla JV; cost split still undecided