Tesla Stock Jumps to $368.81 as Market Bets on AI and Energy Push

Tesla is working hard to diversify beyond cars. One of its most important projects is the Megablock, a large-scale energy storage system that includes the Megapack 3. This system is designed to cut installation costs by up to 40% and shorten the time needed to put it into use by more than 20%. 

Production is expected to begin in Houston by late 2026. Investors are paying attention to this development because Tesla’s energy storage business is now the company’s most profitable division.

Another major initiative is in artificial intelligence and chips. Tesla has designed a next-generation AI chip called AI5, which Elon Musk calls extremely powerful. 

The company has already completed its design review and is hiring engineers for its silicon team. This effort shows Tesla’s focus on building its own technology to power self-driving systems and other AI applications.

Tesla is also pushing forward with robotics and autonomy. A new performance-based compensation plan for Elon Musk, valued at up to $1 trillion, ties his pay to achieving very ambitious milestones. 

These include a future market value of $8.5 trillion, the production of 20 million vehicles, the launch of 1 million robotaxis, the deployment of 1 million Optimus humanoid robots, and 10 million paid subscriptions for Full Self-Driving software. 

The plan is subject to a shareholder vote in November 2025, and while the goals are bold, they show Tesla’s long-term ambition.