New semiconductor plants will end global auto chip shortage next year: Tesla’s Elon Musk

Turin: Tesla Inc. chief government Elon Musk mentioned on Friday that because of new semiconductor vegetation which are deliberate or underneath development, the worldwide chip shortage that has pummelled the automotive business this 12 months needs to be quick time period in nature.

Requested how lengthy he thought the worldwide chip scarcity would have an effect on car manufacturing, Musk mentioned: “quick time period I feel”.

“There’s lots of chip fabrication vegetation which are being constructed,” Musk mentioned throughout a joint session with Stellantis and Ferrari chairman John Elkann, at Italian Tech Week.

“I feel we may have good capability for offering chips by subsequent 12 months,” he added.

The 2 automotive business leaders agreed on potential help coming from nuclear energy to cowl for growing world power wants.

“I’m shocked by a latest transfer away of some nations from nuclear power, which is secure,” Musk mentioned.

However of their dialogue, they prevented referring to competitors points between high electrical mobility leaders corresponding to Tesla and legacy automakers now investing closely to develop their supply of electrified automobiles.

Musk, nevertheless, thanked Elkann for a help Tesla acquired between 2017 and 2019 from Comau, the robotic unit of Fiat Chrysler, now a part of Stellantis, throughout what he known as “one of the painful durations” for his firm, linked to the launch of manufacturing on Mannequin 3.

“John helped me so much in that interval,” Musk mentioned, including Tesla had come near chapter “half a dozen instances”.

Stellantis chief government Carlos Tavares has mentioned the group, fashioned via the merger between Fiat Chrysler and France’s PSA, anticipated to attain its European carbon dioxide emission targets this 12 months with out credit purchased from Tesla.