South Korea's Samsung Electronics signed a $16.5 billion, eight-year contract to supply semiconductors to a global company, which Elon Musk said was Tesla.,

Elon Musk has been rebranding Tesla as an AI and robotics company for over a year. Tesla's latest deal could easily be misunderstood as a blow to Nvidia, especially by people who know that Tesla does business with Nvidia.

Samsung will produce AI6 semiconductors, the next-generation chip, for Tesla’s self-driving mode and other projects.