Tesla's electric vehicle (EV) division is currently navigating through challenging times, prompting Musk to pivot the company towards becoming a cutting-edge designer and producer of AI chips. This strategic shift received a warm reception from investors, as evidenced by Tesla's stock price soaring more than 7% at its peak following the market's opening bell on Monday. Musk revealed that Tesla boasts a highly skilled AI chip team, which has already successfully designed and deployed millions of chips. The AI5 chip has reached the tape-out stage, marking a significant milestone in its development journey. Meanwhile, work on the AI6 chip has commenced, with Musk setting an ambitious goal of rolling out a new generation of AI chips every 12 months. It is anticipated that the shipment volume of these chips will eventually eclipse the combined total of all other AI chips on the market.