---
title: "Tesla's chip plan may cause its capital expenditures to far exceed expectations"
type: "News"
locale: "zh-HK"
url: "https://longbridge.com/zh-HK/news/280208392.md"
description: "Tesla's Terafab chip project may lead to capital expenditures far exceeding expectations. Barclays noted that Tesla's previous guidance of $20 billion was overly conservative, and analysts believe that the estimate of $50 billion may also be too low, with actual investments potentially being several times that amount. The project will be carried out in phases, and Tesla may collaborate with SpaceX and xAI for funding support. This plan aims to reduce reliance on Taiwan Semiconductor and Samsung, gradually achieving a 1 terawatt computing goal"
datetime: "2026-03-23T19:55:46.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/280208392.md)
  - [en](https://longbridge.com/en/news/280208392.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/280208392.md)
---

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# Tesla's chip plan may cause its capital expenditures to far exceed expectations

As Tesla advances its new Terafab chip project, the company may enter a phase of capital expenditure that far exceeds expectations. Barclays has stated that the costs of this project could balloon to a very large scale at an extremely rapid pace.

The institution pointed out that Tesla's previous guidance of $20 billion in capital expenditures now appears overly conservative. Analyst Dan Levy noted that even the estimate of over $50 billion in a bullish scenario "may be significantly low," and indicated that the total investment could ultimately reach several times that amount. However, this will not happen overnight. Barclays expects that as Tesla gradually moves towards its ambitious 1 terawatt computing goal, the project will be rolled out in phases. Importantly, Tesla is likely not going it alone—following a recent collaboration with SpaceX and xAI, funding support is expected.

Elon Musk's Terafab plan, disclosed last weekend, aims to gain tighter control over chip supply as demand for artificial intelligence heats up. Currently, Tesla still relies on manufacturers like Taiwan Semiconductor and Samsung, but Musk clearly hopes to reduce this dependency. The project will start with a small facility focused on design and testing, with potential future expansion to full-scale production

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