Tesla Inks $16.5 Billion Chip Deal with Samsung to Bolster EV Production and AI Capabilities

Tesla has signed a multiyear chip supply deal worth $16.5 billion with Samsung Electronics. The deal highlights Tesla's efforts to secure advanced chips for EV production and AI/self-driving features. The deal is significant for South Korea, which seeks to strengthen ties with the US in chipmaking and shipbuilding. Analysts maintain a neutral stance on Tesla stock, with an average price target of $313.67.