Tesla shares rose after announcing a $16.5 billion partnership with Samsung to produce AI chips in Texas. Despite a recent dip, this deal secures chip access for Tesla’s self-driving and robotics tech. Analysts are cautiously optimistic, citing continued automotive challenges and potential EV tax credit impact post-September. Consensus rating is “Hold” with a target price of $298, signaling an 8% downside from current levels.

Read more at Yahoo Finance: Tesla Just Signed a Chip Supply Deal with Samsung. What Does That Mean for TSLA Stock?