The facility in Austin, Texas could eventually produce 1 terawatt of computing capacity a year, double the current capacity across the U.S., Reuters reported, quoting Musk.

Inflows into Tesla outpaced outflows by $128.42 million before 10 a.m. in New York Monday, with orders coming in from all sizes including extra large and large orders, mostly from institutional investors and large speculators such as short sellers, and small and medium orders, which include retail investors.

On Friday, short volume rose, trading in borrowed Tesla shares rose to 6.6 million shares, from 4.53 million shares a day earlier. That accounted for 8.4% of the shares that changed hands that day, adding to the downward pressure that pushed the stock 3.2% lower that day.

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