Elon Musk predicts global chip shortage will end next year

Tesla CEO Elon Musk mentioned on Friday that because of new semiconductor vegetation which are deliberate or beneath development, the worldwide chip scarcity that has pummeled the automotive business this yr ought 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 a number 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 yr,” he added.

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

“I’m stunned by a latest transfer away of some nations type nuclear power, which is protected,” Musk mentioned.

However of their dialog they prevented referring to competitors points between prime electrical mobility leaders similar to Tesla and legacy automakers now investing closely to develop their supply of electrified autos.

Elon Musk seen on two big screens beneath the words TechWeek as two people sit onstage beneath the screens
Elon Musk, seen right here on the large screens, predicted an finish to the worldwide semiconductor chip scarcity plaguing carmakers throughout an look at occasions for Italian Tech Week in Turin, Italy.
Getty Pictures

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

“John helped me quite a bit in that interval,” Musk mentioned, including Tesla had come near chapter “half a dozen occasions.”

Stellantis Chief Govt Carlos Tavares has mentioned the group, fashioned by way of the merger between Fiat Chrysler and France’s PSA, anticipated to realize its European carbon dioxide emission targets this yr with out credit purchased from Tesla.

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