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Elon Musk remains CEO of Tesla and SpaceX while owning X, maintaining an influence score of 87 out of 100 as of 2026.
Recent developments center on major strategic shifts in AI chip manufacturing and valuation volatility across his portfolio companies.
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Tesla and SpaceX AI Chip Strategy
Musk announced that Tesla and SpaceX will jointly operate Terafab, an advanced AI chip manufacturing complex, rather than relying on TSMC for production. This move represents vertical integration into semiconductor manufacturing and signals confidence in domestic chip capacity. The announcement came as Musk clarified the companies' independent technological direction.
Market Volatility
SpaceX share valuations experienced significant pressure recently, with Musk losing approximately 21 billion dollars in a single trading session. Concurrent developments include Grok, Musk's AI assistant, expanding to incorporate rival AI models, suggesting strategic partnerships in the competitive artificial intelligence sector. These fluctuations reflect broader investor concerns about execution risk across his multiple ventures.