Tesla, Inc. (NASDAQ:TSLA) is one of the 10 High Growth Mega Cap Stocks to Buy and Hold for Next 10 Years. On March 23, Barclays analyst Dan Levy reiterated a Hold rating on Tesla, Inc. (NASDAQ:TSLA) along with the price target of $360. The firm’s price target implies a 6% downside from the current levels. Analyst Dan Levy cautioned that capital expenditures from the company’s proposed Terafab semiconductor facility in Austin, Texas, will be very high for the electric vehicle maker. However, he noted that investors appear willing to support the company’s ambitious growth plans.

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Barclays analyst Dan Levy stated:

"What’s clear is that our ‘bull’ capex target for Terafab of $50bn+ appears dramatically low vs. the aspirations Tesla communicated, and could be many multiples higher, and likely well more than an order of magnitude higher. Yet it seems that the bulls are braced for this, knowing that you need to spend if you want to win. Note though, we expect Tesla to undergo construction in multiple phases, slowly ramping to the 1 TW target. And we would assume that Tesla and SpaceX [and] xAI will contribute funding."

Tesla, Inc. (NASDAQ:TSLA) CEO Elon Musk announced that Terafab will be jointly operated with SpaceX and xAI, combining Elon Musk’s robotic, AI, and space initiatives. The facility is designed to test and produce a wide range of chips, aiming for up to 1 terawatt-hour (TWh) of annual compute power, roughly 10% of current global data center capacity. The plant aims to reduce Tesla’s reliance on external chipmakers like TSMC and Samsung. It will start as a smaller site for chip design and testing, with plans to expand.

Tesla, Inc. (NASDAQ:TSLA) is a developer, manufacturer, designer, lessor, and seller of electric vehicles and energy generation and storage systems. The company operates across China, the United States, and globally. It operates through the Automotive and Energy Generation and Storage segments.

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