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