A TALE OF TWO COMPANIES: Tesla + SpaceX SUPPLY CONSTRAINT ♦️QUESTION: Where exactly do you think the chips are coming from to support Tesla’s growth - that in turn leads to the projected many-fold valuation increase for RoboTaxis and Optimus? TESLA NEEDS SPACEX - & VICE VERSA ♦️Elon Musk said chip suppliers told Tesla they “aren’t comfortable” supplying the volumes Tesla requires. Terafab solves this constraint. Companies without their own fabs may be capped at ~20% YOY growth. Tesla’s Terafab investment starts with ~$3B in the research lab; real-estate filings show SpaceX’s potential commitment on the Terafab at ~$50–55B (with total project value potentially far higher). ♦️Wall Street isn’t going to rerate Tesla without the chip-supply problem solved. That anticipated run-up you’re waiting for? It doesn’t happen without the SpaceX joint Terafab initiative. Terafab rollout encounters problems? Tesla RoboTaxi and Optimus growth projections are negatively impacted as is TSLA’s stock price. ♦️Tesla and SpaceX NEED EACH OTHER. SpaceX is already beneficial to Tesla. The joint initiatives — Terafab, AI Space Compute, and Digital Optimus — offer upside that dwarfs today’s trajectories. 🧵Next: Delete the Process Step