Elon Musk's Tesla has benefited from a boom in electric vehicle sales
Elon Musk’s Tesla has benefited from a increase in electrical car gross sales.

Tesla boss Elon Musk on Friday stated {that a} world semiconductor scarcity hitting automotive corporations particularly arduous can be overcome quickly.

The chip drought is “brief time period, I feel,” the billionaire stated in an look by video at Italian Tech Week in Turin.

“There are a variety of chip fabrication crops which are being constructed,” Musk instructed the viewers of startups, funding funds and tech entrepreneurs.

“I feel we could have good capability for offering chips by subsequent 12 months. I definitely hope so, however it seems that method.”

A increase in electrical car gross sales and renewed exercise following the lifting of coronavirus restrictions in lots of superior economies has boosted demand for automotive elements.

However the auto business is butting up in opposition to different sectors that require giant quantities of semiconductors as inputs, together with computing, smartphones and sensible units.

Tesla has to this point overcome the chip scarcity by switching to completely different designs and rewriting the related software program.

Within the second quarter, the carmaker delivered a report variety of automobiles and topped $1 billion of internet revenue for the primary time.

Tesla reaches milestone with first $1B quarterly revenue

© 2021 AFP

Elon Musk says chip scarcity solely ‘brief time period’ (2021, September 24)
retrieved 27 September 2021
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