Elon Musk shocks chip manufacturers – share collapses

Elon Musk

The Tesla boss wants to use significantly fewer silicon carbide chips for a new mass model.

(Photo: AP)

Munich, Dusseldorf Many had hoped that Elon Musk would unveil a new Tesla model. Instead, he presented a rather abstract vision at the Investor Day in Texas on Wednesday: Tesla boss Elon Musk promised numerous innovations for production, innovations for the supply chain and the electronics of the Tesla models. This did not convince investors: the share price fell significantly as a result.

Some of the innovations presented could have far-reaching consequences – especially for the chip industry: Tesla presented an electric drive that only needs a quarter of the silicon carbide chips required up to now. “Silicon carbide is an amazing semiconductor, but it’s also expensive and really hard to scale,” said Colin Campbell, Tesla’s head of propulsion systems. “So using less of that is a big win for us.”

Tesla boss Elon Musk causes stock market tremors

Read on now

Get access to this and every other article in the

Web and in our app free of charge for 4 weeks.

Further

Read on now

Get access to this and every other article in the

Web and in our app — 4 weeks for €1.

Further

source site-12