Tesla Builds $10 Billion AI Gigafactory (photo)

Tesla’s building a new AI Gigafactory in Texas.

Elon says Tesla will spend $10 billion on Artificial Intelligence hardware this year.

This is a critical component of Tesla’s Robo.AI project.

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This photo shows construction underway at Gigafactory Texas…

The AI Gigafactory will use 50% of chips from Nvidia (NASDAQ: NVDA). And 50% will be Tesla’s Dojo chips.

This site will use huge fans and water for cooling the AI datacenter.

The project will initially use 130MW of power when it’s completed this year. However, Elon says it’ll increase to 500MW within 18-months.

Here’s why this is important…

Tesla is going 100% “all-in” on Artificial Intelligence. And that requires a huge investment in AI chips.

This is the #1 thing that will send Tesla’s market value soaring past $1 trillion in the next year.

I’m expecting a huge announcement from Elon…

When he reveals the new Robo.AI project on August 8.

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