The market's current darling is sweetening the pot with a dividend hike.
Musk also said that out of the $10 billion in artificial intelligence-related capital expenditure this year, around half would be internal spend. "For building the AI training superclusters, NVidia (sic) hardware is about 2/3 of the cost," he said on X. Earlier on Tuesday, Tesla reportedly told Nvidia to prioritize shipments of AI processors to his companies X and xAI over the electric-vehicle maker.
The Dow Jones was relatively flat in afternoon trading. Metals and mining stocks sank along with the price of gold and sliver.