Elon Musk’s SpaceX and Tesla Are Building a $16.8 Billion Chip Factory 5 Times Bigger Than Earth’s Largest Building. What Does That Mean for Both Stocks?

    The construction of Terafab, a semiconductor manufacturing plant that’s part of a joint venture among Tesla (TSLA +5.14%), Space Exploration Technologies (SPCX +2.22%), and Intel, is integral to the investment case for the two Elon Musk-run companies. Not only is the initiative critical to supporting growth, but its successful implementation will significantly improve something that’s…

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      US Dollar Index Bounces Off Session Lows to Trade at 98.84

      On Friday, the US dollar index bounced back from the session lows of about 98.57 to trade at about 98.84 after the latest US data. The DXY trades within a descending channel formation on the 60-minute chart. The dollar currency index continues to trade a few levels below the 100-hour moving average line, despite the…

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