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%.

Samsung Electronics will produce 2nm chips for Tesla, targeting use in the automaker's supercomputers, autonomous vehicles, and humanoid robots. The chips will be manufactured at Samsung's Taylor, Texas facility under an eight-year contract valued at KRW22.

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.

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.

The electric carmaker informed California that it will operate a limited public taxi service. But it’s not legally allowed to do this with self-driving cars.

Meanwhile, another artificial intelligence (AI)-powered transportation stock has rocketed higher this year, partly due to its emerging autonomous driving business. Lately, the stock seems to go up when Tesla goes down and vice versa. Is it the ultimate threat to Tesla's autonomous driving ambitions?