Elon Musk's Tesla Invested $2 Billion Into SpaceX, Q1 2026 Earnings Show - Tesla (NASDAQ:TSLA)

$2 Billion Investment

In its quarterly earnings report released on Wednesday, the EV giant shared its investment in SpaceX. The EV giant's report showed a $2 billion charge due to its "SpaceX equity investment." The company also expanded on why its collaboration with the company mattered.

"We are expanding our scope of manufacturing to include semiconductor fabrication, an important step to ensure sufficient and resilient chip supply," Tesla said, adding that the SpaceX partnership would "build the largest chip fab ever: vertically integrating logic, memory and advanced packaging." The EV maker also said that it expects "greater chip

demand," which would exceed existing industry capacity.

Tesla's Earnings CallElon Musk's Optimus Update

According to Benzinga Edge Rankings, Tesla offers satisfactory Momentum, but poor Value. It provides a favorable price trend in the Long term.

Price Action: TSLA declined 2.17% to $377.95 during pre-market trading on Thursday.

Check out more of Benzinga's Future Of Mobility coverage by following this link.

Photo courtesy: Frederic Legrand - COMEO from Shutterstock

Market News and Data brought to you by Benzinga APIs

To add Benzinga News as your preferred source on Google, click here.