Shares in Samsung Electronics eked out small gains on Tuesday, following a sharp rally the previous day after the South Korean technology company clinched a $16.5 billion deal to supply artificial intelligence chips to Tesla .

Shares of Tesla ( TSLA 3.11%) climbed higher on Monday. The electric vehicle (EV) maker's stock gained 3% as of market close, but had jumped as much as 4.6% earlier in the day. The spike comes as the S&P 500 ( ^GSPC 0.02%) was flat and the Nasdaq Composite ( ^IXIC 0.33%) rose 0.3%.

The city of Lewisville, Texas, confirmed a Tesla charging device ignited an "intense" house fire that engulfed a Lexus and the home's upper floors Monday.

Tesla CEO Elon Musk announced that Samsung will supply the Austin automaker's next-generation chips in a $16.5 billion deal at Samsung's Texas facility . "Samsung's giant new Texas fab will be dedicated to making Tesla's next-generation AI6 chip," Musk said in a post on X. "The strategic importance of this is hard to overstate."

Tesla, Inc.'s robotaxi hype falters as tech lags behind rivals. Explore why declining fundamentals and high valuation make TSLA a Strong Sell in today's market.

A persistent squeak and repeated repairs have one Cybertruck owner seeking a buyback, with similar issues reported across the community.

Tesla and Alphabet report quarterly earnings after the closing bell Wednesday, while Texas Instruments tumbles after issuing a disappointing profit forecast.

Tesla plans to offer a chauffeur-style service operated by human drivers to a limited number of people in the San Francisco Bay Area, a California regulator said on Friday, contrary to a media report that the EV maker would offer a robotaxi service.