Tesla’s Chip Venture Spurs ASML Spotlight as Oppenheimer Boosts 2026 Revenue
TSLA•Elon Musk will present Terafab’s chip manufacturing plans at ASML’s annual conference, including a Texas facility for lithography masks and future orders of advanced EUV systems. Oppenheimer lifted Tesla’s 2026 revenue estimate to $97.2B and EPS to $2.03, raised vehicle and storage sales forecasts, deemed a SpaceX merger unlikely.
1. Terafab's Semiconductor Ambitions
Elon Musk will present Terafab’s chip manufacturing plans at ASML’s annual conference, detailing an initial Texas lithography mask facility and outlining future orders of advanced EUV systems to support rapid prototyping of logic and memory chips.
2. ASML Engagement and Potential Orders
ASML’s leadership has held discussions on Terafab’s long-term equipment needs, positioning the company as a prospective key buyer of lithography tools critical for next-generation semiconductor production.
3. Oppenheimer Raises 2026 Forecasts
Oppenheimer increased Tesla’s fiscal 2026 revenue projection by 3% to $97.2B and EPS to $2.03, citing stronger vehicle deliveries and stationary storage demand, with vehicle sales lifted 4% and storage growth of 2–3%.
4. Merger Possibility Dismissed
The firm contends that Tesla and SpaceX should remain separate public entities to maintain diversified capital access for AI expansion, viewing supply-chain synergies as preferable to a full merger in the near term.
