Musk: TSMC Terafab Talks Only at Discussion Stage

The signal here is procedural, not commercial: a public clarification that the most consequential link in the Terafab chain — foundry capacity — remains uncommitted. That matters because the venture's credibility rests on securing leading-edge wafer supply, and TSMC's Texas fab would tie that supply to US soil. The asymmetry is notable: TSMC is weighing Terafab as a customer, not as a partner with obligations. Whether these talks move past discussion stage, and on what terms, is the open question.