Tesla will produce its next-generation AI6 chip at Samsung's new Texas factory in a $16.5B deal, Elon Musk confirmed. The AI chip will power autonomous driving and humanoid robots, boosting Samsung's foundry ambitions.

Shares of Tesla ( TSLA 3.11%) climbed higher on Monday. The electric vehicle (EV) maker's stock gained 3% as of market close, but had jumped as much as 4.6% earlier in the day. The spike comes as the S&P 500 ( ^GSPC 0.02%) was flat and the Nasdaq Composite ( ^IXIC 0.33%) rose 0.3%.

The city of Lewisville, Texas, confirmed a Tesla charging device ignited an "intense" house fire that engulfed a Lexus and the home's upper floors Monday.

The Tesla Supercharger Diner opened Monday in West Hollywood  and Elon Musk is already teasing a Texas expansion.

Tesla has outshined the broader market over the past year and analysts are sceptical about its future outlook.

Tesla CEO Elon Musk announced that Samsung will supply the Austin automaker's next-generation chips in a $16.5 billion deal at Samsung's Texas facility . "Samsung's giant new Texas fab will be dedicated to making Tesla's next-generation AI6 chip," Musk said in a post on X. "The strategic importance of this is hard to overstate."

A persistent squeak and repeated repairs have one Cybertruck owner seeking a buyback, with similar issues reported across the community.

Tesla and Alphabet report quarterly earnings after the closing bell Wednesday, while Texas Instruments tumbles after issuing a disappointing profit forecast.