# Tesla Inc. is among the most expensive stocks in the S&P 500.

*genai · news · 2026-04-24 · Bloomberg*

## Key points

- Tesla plans to more than triple its spending to over $25 billion this year.
- Tesla is building a giant chipmaking factory, called Terafab, to power its AI projects.
- Terafab will be a joint venture between Tesla and SpaceX, deepening ties between Musk's companies.
- Investors are valuing Tesla based on its AI-driven self-driving and robotics ambitions, not just EV sales.

**Companies:** Tesla Inc., SpaceX
**Countries:** United States

[Read the full story on Bloomberg](https://www.bloomberg.com/news/articles/2026-04-24/tesla-s-tsla-ai-bet-how-elon-musk-is-pivoting-ev-maker-to-robotaxis-robots)

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