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Elon Musk predicts global chip shortage will end next year

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Tesla CEO Elon Musk said on Friday that thanks to new semiconductor plants that are planned or under construction, the global chip shortage that has pummeled the car …
Tesla CEO Elon Musk said on Friday that thanks to new semiconductor plants that are planned or under construction, the global chip shortage that has pummeled the car industry this year should be short term in nature. Asked how long he thought the global chip shortage would affect vehicle production, Musk said: “short term I think.” “There’s a lot of chip fabrication plants that are being built,” Musk said during a joint session with Stellantis and Ferrari Chairman John Elkann, at Italian Tech Week.

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