Tesla, Quantum-Si And Other Big Stocks Moving Lower In Monday's Pre-Market Session - BitMine Immersion Techs (AMEX:BMNR), Aebi Schmidt Holding (NASDAQ:AEBI)

Tesla introduced lower-priced versions of the Model Y and Model 3 to support sales amid tougher EV competition and weaker demand. The Model Y starts just under $40,000 with reduced features, and a cheaper Model 3 is priced under $37,000, with New York rebate pricing below $35,000. Tesla shares fell 4.5% to $443.09 on Tuesday, according to AP.

Tesla shares rose 5.6% after Tesla and SpaceX announced a $16.8 billion Terafab chip-facility initiative in Texas, alongside renewed questions about financing. Tesla closed at $328.58. Reuters cited the project as 38.6% of Tesla’s June cash and short-term investments. Jefferies cut its 2026 EBIT forecast to $3.9 billion.

SK Hynix’s board approved Aug 7, 2026 capital of ₩54.3T ($38.0B) for two South Korea fabs. Yongin Y2 DRAM fab gets ₩35.2T ($24.6B) and Cheongju M17 NAND fab gets ₩19.1T ($13.4B). First meaningful output is no earlier than 2029. Article cites US has no HBM wafer capacity and packaging grants cover assembly, not wafers.

SpaceX and Tesla said, in an Aug. 6 announcement, they plan an initial $16.8B investment for Terafab, a vertically integrated semiconductor complex in Grimes County, Texas. The first phase targets over 100 million sq ft for logic and memory manufacturing, packaging and testing, with at least 3,000 jobs. SpaceX cited chip demand exceeding 1 terawatt of compute and said the project will use Gibbons Creek Reservoir water.

California’s MyFirstEV program now offers first-time buyers an instant $3,500 rebate on new EVs from Tesla, Hyundai, and Lucid, and $1,750 off used EVs, according to Gov. Gavin Newsom. The state allocates $135 million, with automakers matching funds. Eligibility excludes plug-in hybrids and limits MSRP to $50,000, with a California-headquartered exception.

Tesla shares rose nearly 4% in Friday’s regular session after Tesla and SpaceX disclosed the site and initial funding for Terafab, a semiconductor campus in Grimes County, Texas. The partners plan to invest $16.8 billion initially, with the project targeting chip manufacturing plus packaging and testing. Terafab is expected to exceed 100 million sq ft and create at least 3,000 jobs.