|Bid||180.50 x 1500|
|Ask||180.80 x 100|
|Day's Range||177.61 - 182.70|
|52 Week Range||63.53 - 191.20|
|PE Ratio (TTM)||51.99|
|Dividend & Yield||0.56 (0.30%)|
|1y Target Est||N/A|
Tesla (TSLA) is teaming up with AMD (AMD) to develop its own AI chip for self-driving cars, according to a report by CNBC. Jefferies analyst Mark Lipacis wrote it’s a “critical win” for AMD. On the other hand, Nvidia (NVDA) shares are falling on the news, since a partnership with AMD would make Tesla less reliant on the company.
Tesla is reportedly testing its own self-driving chip, which could be a blow to its main supplier.
As a leader in autonomous driving development, any architectural move by Tesla is closely watched.