Elon Musk confirms Tesla has signed a $16.5 billion chip contract with Samsung Electronics

Samsung will make Tesla's A16 chip in a deal worth 22.8 trillion won ($16.5 billion).

Even if he's right, Tesla's patronage is unlikely to be enough to turn around Samsung's foundry fortunes alone.

“Tennessee continues to lead the nation in finding innovative solutions to infrastructure challenges,” said Gov. Bill Lee in a statement.

Elon Musk's Tesla-themed diner in Hollywood became the scene of an anti-Musk protest on Sunday. Protestors gathered outside the futuristic eatery with balloons resembling Musk that were animated to do Nazi salutes, in reference to a widely-criticized gesture that the tech billionaire made on President Donald Trump 's Inauguration Day.