Elon Musk unveiled more on his moonshot Terafab project. Here are 4 takeaways.

Elon Musk unveiled the Terafab, an ambitious chip manufacturing project between Tesla and SpaceX.

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• Elon Musk formally unveiled his ambitious chip manufacturing project called the Terafab.
• The project will be a joint venture between Tesla and SpaceX to make in-house chips.
• Musk said the goal is to produce a terawatt, or one million megawatts, of compute a year.

Elon Musk unveiled more details on his Terafab plans on Saturday evening ...