Tesla (NASDAQ:TSLA) share price slips on AMD high-end gaming news

High-end gaming might have just become more mobile than ever before.
The post Tesla (NASDAQ:TSLA) share price slips on AMD high-end gaming news appeared first on The Motley Fool Australia. –

The Tesla Inc (NASDAQ: TSLA) share price fell slightly last night after news of its latest upgrade. Your next gaming party might be hosted from the seat of an electric vehicle. It sounds a little crazy, but Tesla and semiconductor maker Advanced Micro Devices Inc (NASDAQ: AMD) want to make high-end gaming possible on the road (when safely parked hopefully).

Speaking at the information technology expo Computex, AMD CEO Lisa Su revealed how it’s making it all possible.

What’s under the hood?

Yesterday, Lisa Su revealed that the new Tesla Model S and X will be powered by some serious AMD grunt. Tesla’s infotainment system will be driven by an AMD Ryzen processor and AMD RDNA 2 graphics processing unit.

Reportedly, this will offer up to 10 teraflops of processing power. In simple terms, enough computational juice to play AAA titles.

Explaining the details during the keynote, Su said:

So, we actually have an embedded AMD Ryzen APU powering the infotainment system in both cars. As well as a discrete RDNA 2-based GPU that kicks in when running AAA games – providing up to 10 teraflops of compute power.

This is awesome!

— The World Of Tesla (@WorldofTesla1) June 1, 2021

Given the recent cryptocurrency hysteria, some are wondering whether the graphics processor will make mining a possibility with a Tesla. At this stage, nothing has been stated to suggest it is possible.

Tesla share price on the news

The future potential of playing high-end gaming titles in a Tesla didn’t seem to rally much enthusiasm overnight. The Tesla share price dipped 0.2% lower to US$623.90 and slipped further in after-hours trade.

Market participants might be happier spectating for now after Ford Motor (NYSE: F) unveiled its battery-electric pickup truck. The Ford F-150 lightning forms part of the automaker’s $30 billion electric vehicles (EVs) plan for the next 4 years. However, no signs of a fully-fledged gaming system in the F-150 were shown.

While the Ford share price has made a resurgence over the last year, its market capitalisation remains to rival Tesla. The legacy automaker has rallied to a US$58 billion valuation. Meanwhile, Tesla’s valuation is more than ten times greater, at US$628 billion.

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The post Tesla (NASDAQ:TSLA) share price slips on AMD high-end gaming news appeared first on The Motley Fool Australia.

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