Tesla Earns $890 Million From SpaceX and xAI With $131M Cybertruck Deal
Tesla has generated $890 million in revenue from SpaceX and xAI since 2023, including $131 million in Cybertruck sales last year and $506 million in Megapack battery sales. SpaceX added Tesla director Ira Ehrenpreis and Randy Glein to its board and is collaborating on the Terafab semiconductor plant with Tesla.
1. Intercompany Revenue Breakdown
Tesla generated approximately $890 million in intercompany revenue from SpaceX and xAI since 2023, with $131 million from Cybertruck sales in 2025, $506 million from Megapack energy-storage batteries last year and $191 million the year prior.
2. Board Appointments Strengthen Ties
SpaceX has appointed Tesla director Ira Ehrenpreis and investor Randy Glein to its board, deepening governance links; Ehrenpreis has served on Tesla’s board since 2007 and Glein has been a SpaceX observer since 2009.
3. Terafab Semiconductor Collaboration
Tesla and SpaceX are jointly developing a semiconductor manufacturing facility called Terafab to produce custom chips for electric vehicles and rockets, aiming to enhance vertical integration and reduce reliance on external suppliers.