Elon Musk Announces The Chip Crisis Will Not Last Long

Production disruptions all over the world due to the coronavirus had a negative impact on all sectors by causing a chip crisis. Tesla’s CEO, Elon Musk, stated that the chip crisis, which has become a chronic problem of car companies producing electric vehicles, will be resolved soon.

The revival in the economy after the coronavirus restrictions and the increase in electric vehicle sales have also increased the demand for auto parts. to increase caused.

Increasing demand has increased the supply of the chip, the semiconductor material used in electronic devices. negative Impressed. The lack of sufficient chip production has affected many technological sectors, including the automobile industry, computing and smartphones. Impressed. Many auto companies, including Tesla chip crisis because of had to stop production.

But this may not last long, at least for electric cars:

The CEO of the company, Elon Musk, attended the Italian Technology Week on Friday, where many chip production facilities are being built to the audience consisting of investors and technology entrepreneurs. the gospel gave. That this bottleneck in chip supply won’t last long. “I hope chip production will reach a good capacity by next year. It’s just short-term a crisis.” explained as.

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The Astonishing Possible Cost of the Chip Crisis Revealed

Tesla, the giant company that produces electric vehicles, in the middle of this year, car sales record high increased and for the first time 1 billion dollars net profit. The chip crisis in the industry also affected Tesla, and it was announced that production was stopped in its factory in China. In order to meet the needs of high demand, the company developed a different design than before, updated the software and solved the chip shortage. solved it.


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