The Tera MTA is a revolutionary commercial computer based on a multithreaded processor architecture. In contrast to many other parallel architectures, the Tera MTA can effectively use high amounts of parallelism on a single processor. By running multiple threads on a single processor, it can tolerate memory latency and to keep the processor saturated. If the computation is sufficiently large, it can benefit from running on multiple processors. A primary architectural goal of the MTA is that it provide scalable performance over multiple processors. This paper is a preliminary investigation of the first multi-processor Tera MTA. In a previous paper [1] we reported that on the kernel NAS 2 benchmarks [2], a single-processor MTA system running at the architected clock speed would be similar in performance to a single processor of the Cray T90. We found that the compilers of both machines were able to find the necessary threads or vector operations, after making standard changes to the random number generator. In this paper we update the single-processor results in two ways: we use only actual clock speeds, and we report improvements given by further tuning of the MTA codes. We then investigate the performance of the best single-processor codes when run on a two-processor MTA, making no further tuning effort. The parallel efficiency of the codes range from 77% to 99%. An analysis shows that the "serial bottlenecks" -- unparallelized code sections and the cost of allocating and freeing the parallel hardware resources -- account for less than a percent of the runtimes. Thus, Amdahl's Law needn't take effect on the NAS benchmarks until there are hundreds of processors running thousands of threads. Instead, the major source of inefficiency appears to be an imperfect network connecting the processors to the memory. Ideally, the network can support one memory reference per instruction. The current hardware has defects that reduce the throughput to about 85% of this rate. Except for the EP benchmark, the tuned codes issue memory references at nearly the peak rate of one per instruction. Consequently, the network can support the memory references issued by one, but not two, processors. As a result, the parallel efficiency of EP is near- perfect, but the others are reduced accordingly. Another reason for imperfect speedup pertains to the compiler. While the definition of a thread in a single processor or multi-processor mode is essentially the same, there is a different implementation and an associated overhead with running on multiple processors. We characterize the overhead of running "frays" (a collection of threads running on a single processor) and "crews" (a collection of frays, one per processor.)