in

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

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

Article content

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. (//on.ft.com/3flWwFU)

Tesla could not immediately be reached for comment. (Reporting by Sahil Shaw in Bengaluru; Editing by Shounak Dasgupta)

Advertisement

This advertisement has not loaded yet, but your article continues below.

Article content

Advertisement

This advertisement has not loaded yet, but your article continues below.

In-depth reporting on the innovation economy from The Logic, brought to you in partnership with the Financial Post.

Source: Tesla set to pay for chips in advance to overcome shortage – FT

What do you think?

Polygon (MATIC) Launches Kit For Quick Ethereum-Connected Chain Deployment, Price Grows 20%

US Senate Leader Pushes Bill To Boost Industry Against China