Tesla set to pay for chips in advance to overcome shortage - FT


FILE PHOTO: A Tesla logo on a Model S is photographed inside of a Tesla dealership in New York, U.S., April 29, 2016. REUTERS/Lucas Jackson/File Photo

(Reuters) - Tesla Inc plans to pay in advance for chips to secure its supply of the crucial materials in a move to overcome the global chip shortage, the Financial Times reported on Wednesday, citing people familiar with the matter.

The electric-car maker is also exploring buying a plant as a part of the efforts, according to the report. (https://on.ft.com/3flWwFU)

Get 30% off with our ads free Premium Plan

Monthly Plan

RM9.73/month

Annual Plan

RM8.63/month

Billed as RM103.60/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

   

Next In Tech News

Musk's X asks judge to penalise nonprofit researchers tracking rise of hate speech on platform
OpenAI to name new board members within a month, Washington Post reports
Man uses hidden cameras disguised as clocks to record dogsitter, other women, US cops say
A large US health care tech company was hacked. It's leading to billing delays and security concerns
Apple’s iPhone steeply discounted in China on weak demand
‘Pig-butchering’ scams net more than RM355bil, study finds
Google faces wider antitrust probe over online ads in Canada
Nintendo sues company for piracy on ‘colossal scale’
Meta angers Australia with plan to stop paying its news publishers for content
Opinion: Don't use rice for your device. Here's how to dry out your smartphone

Others Also Read