Tesla (TSLA) stock rose on Friday and finished the week higher, snapping an eight-week losing streak. The stock\u2019s rebound comes as earnings are set to be released on April 22.<\/p>\n
Late Thursday, Reuters reported that Tesla was looking to hire chip engineers in Taiwan, which is notable because TSMC (TSMC34.SA), one of the largest chipmaking companies in the world, is based there.<\/p>\n
This comes as Tesla stock jumped this week on optimism on the chip front, with CEO Elon Musk claiming early Wednesday that Tesla was \u201ctaping out,\u201d or had completed the final stage of the chip design process for its upcoming AI5 chip, destined for future EVs, massive training clusters, and Optimus robots.<\/p>\n
The news on AI5 comes as Tesla has its own ambitious plans to fabricate its own chips at its upcoming Terafab facility. Analysts and experts claim the move to create its own \u201cfab\u201d is highly ambitious and likely a massive engineering challenge.<\/p>\n
Some good news on Tesla\u2019s chipmaking efforts \u2014 though more of a long-term play \u2014coincides with the company\u2019s upcoming first quarter earnings report, slated for Wednesday after the bell.<\/p>\n
Read more:\u00a0<\/em>Live coverage of corporate earnings<\/em><\/p>\n Analysts expect Tesla to post revenue of $22.08 billion, down 9% compared to a year ago, on adjusted EPS of $0.35. Tesla\u2019s adjusted EBITDA is expected to slip to $3.217 billion, down 14.4% versus Q1 last year.<\/p>\n Earlier this month, Tesla reported Q1 deliveries of 358,023 vehicles globally, versus 364,645 expected, up 6.3% year over year. However, the company\u2019s total from last year was down due to the changeover to the new Model Y, meaning Q1 results from last year were unusually low.<\/p>\n The company is also expected to give an update on its full self-driving (FSD) and robotaxi efforts, which would be a big shot in the arm for Tesla.<\/p>\n Morgan Stanley predicts Tesla will surpass 10 billion FSD miles shortly, a major milestone for the company and one that could lead to more breakthroughs, given all the data collected.<\/p>\n Future rollout plans of new cities for Tesla\u2019s fledgling robotaxi service will be expected, as the company\u2019s progress in this area has been slow to date. Currently, only Austin, Texas, and the San Francisco Bay Area are offering services, with safety drivers in most of these vehicles.<\/p>\n Pras Subramanian is Lead Auto Reporter for Yahoo Finance. You can follow him on<\/em> X<\/em><\/a> and on<\/em> Instagram<\/em>.<\/em><\/p>\n Click here for the latest stock market news and in-depth analysis, including events that move stocks<\/strong><\/p>\n Read the latest financial and business news from Yahoo Finance<\/strong><\/p>\n<\/p><\/div>\n![\"Elon](\"https:\/\/s.yimg.com\/ny\/api\/res\/1.2\/f2BmxcF0p9eB1IWbXtvsLA--\/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MDtoPTY1Nw--\/https:\/\/d29szjachogqwa.cloudfront.net\/images\/user-uploaded\/screenshot_2026-03-23_at_11.06.17%E2%80%AFam.png\")
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