The AI chips will power self-driving cars of the future.
Shares of the company, which produced 5,300 Model 3s in the last week of its third quarter ended Sept. 30, were down nearly 2 percent in late-afternoon trading.
Tesla wants to build it all in-house. The company has announced that it is building its own AI chips which will power the self-driving cars of the future.
Tesla CEO Elon Musk revealed the Tesla computer, known as Hardware 3, is meant to be incorporated into the Model S, X, and 3 to support the self-driving capabilities, TechCrunch reported.
Until now, Tesla had been using Nvidia's Drive platform. However, having its own chips will gain Tesla more control over their product. The upgrade is expected to start rolling out next year.
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