Tesla Inc. (NASDAQ: TSLA) has entered into a new agreement to provide compute capabilities, according to a statement from the company's Chief Financial Officer, Bret Johnsen. The deal is projected to generate monthly recurring revenue exceeding $1 billion, with the total annual recurring revenue (ARR) expected to surpass $13 billion.
The announcement was made during a week of broader technology news, which included reports on Apple launching a foldable iPhone and various developments in the artificial intelligence sector.
