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Rafael Nadal retires from tennis at the end of the 2024 season

The Spanish legend will end his professional career at the Davis Cup final, reports ATP.

KEY FACTS

  • Rafael Nadal announced that he will retire at the end of the 2024 season on social network X. “Hello everyone, I am here to inform you that I am retiring from professional tennis,” Nadal said in Spanish in the video.
  • The 38-year-old Spaniard will participate in his last. professional Davis Cup finals tournament in Malaga from November 19 to 24.
  • Rafael Nadal is a 92-time tour-level champion, and spent 209 weeks at No. 1 in the PIF ATP rankings.
  • He is a 22-time winner of Grand Slam titles, which includes a record 14 Roland Garros crowns.

KEY QUOTE

“Obviously this is a difficult decision and it took me a while to make it, but in this life, everything has a beginning and an end and I think the time is right to end a career that has been long and far more successful than I could have imagined.”

WHAT TO WATCH FOR

Nadal will end his storied career on home soil in Malaga, where he will be part of Spain’s Davis Cup squad, which also includes Carlos Alcaraz. The host nation play their quarter-final match against the Netherlands on Tuesday 19 November at 17:00 local time. “I am very excited that my last tournament will be the final of the Davis Cup and the presentation of my country,” said the tennis player.

“I think I’ve come full circle because one of my first great joys as a professional tennis player was the Davis Cup final in Seville in 2004. I feel super, super lucky for all the things I’ve been able to experience.” Nadal, who is 12-7 so far in 2024, went on to thank his ATP Tour rivals, his team and his family (including his uncle and former coach Toni Nadal). Although his body has rarely allowed him to compete at full fitness over the past two seasons, the Spaniard’s characteristic dedication to the sport has not waned. He attributes part of his desire to continue playing for so long to the advent of his son, Rafael. “Coming home and seeing my son grow every day was the force that really kept me alive and with the energy to continue,” says the Spaniard.

SPANISH LEGEND

Rafael Nadal is extremely popular among fans all over the world. His powerful left-footed strokes, combined with his almost unrivaled desire to compete and his role as part of the ‘Big Three’ alongside Roger Federer and Novak Djokovic, mean that he will end his career as one of the greatest icons of tennis.

“Finally, you the fans – I can’t thank you enough for what you made me feel,” Nadal said at the end of the video. “You gave me the energy I needed at every moment. Really everything I experienced was a dream come true. I leave with the absolute peace of mind that I have given my best and that I have made an effort in every way. I can only end with a thousand thanks to everyone and see you soon.”

FORBES ESTIMATES

According to our estimates, Nadal is the sixth highest-paid tennis star in 2024 with an income of $23.3 million. About $23 million of that amount is off-court income from various endorsement deals, as injuries kept him out of most major tournaments this past year. The exception is the French Open, where he lost in the first round to Alexander Zverev.

Elon Musk Plans $55B Terafab Chip Facility In Texas

Strategic Vision For A Chipmaking Revolution

Elon Musk outlined plans to build a semiconductor manufacturing facility in East Texas, with an initial investment of at least $55 billion and potential expansion to $119 billion. The project is intended to support long-term demand for chips used in artificial intelligence, automotive systems and aerospace applications, while reducing reliance on external suppliers.

Public Hearing And Local Engagement

Project details were disclosed in a public hearing notice in Grimes County, where local authorities are considering a property tax abatement agreement linked to the development. A public hearing is scheduled for June 3, when officials are expected to review the proposal and associated tax terms.

Industry Collaboration And Supply Chain Control

Plans for the Terafab facility include integrating logic, memory and advanced packaging within a single site. The facility is expected to support production needs across SpaceX, Tesla and AI-related operations linked to xAI. This approach is designed to increase control over supply chains at a time of ongoing global constraints.

Intel’s Entry And Market Implications

Intel is expected to contribute to design, fabrication and packaging processes for advanced chips. The collaboration reflects broader shifts in the semiconductor industry, where partnerships across automotive, AI and infrastructure sectors are becoming more common in response to capacity limits.

Long-Term Strategic Impact

Elon Musk has previously said in earnings calls that expanding in-house chip production is intended to reduce reliance on external suppliers and improve control over key components. The Terafab project builds on longer-term efforts to secure hardware supply for Tesla and related technologies, while addressing risks linked to global supply constraints and geopolitical factors.

Plans also align with broader developments around SpaceX, including discussions of a potential public offering and integration with xAI. These elements place the project within a wider strategy focused on computing capacity and infrastructure. Expansion of semiconductor manufacturing capacity is increasingly tied to competitiveness in AI, automotive and aerospace sectors, where access to advanced chips remains a limiting factor.

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