E. Muskas: the global problem that has shaken the car market should end next year

Elon Muskas, CEO of US electric car company Tesla, says the global chip deficit, which has hit the automotive industry so hard this year, is nearing completion due to planned or under construction new semiconductor plants.

Many manufacturers are forced to reduce production speeds or even shut down all production lines this year, and many experts believe these problems could continue until 2023. Asked how long, in his opinion, the global shortage of chips would affect the production of vehicles, E.Muskas had a slightly different opinion. According to the latter, everything should end very soon.

“Many chip plants are currently under construction,” Musk said in an online discussion Friday with John Elkanan, chairman of Stellantis and Ferrari, during Italian Technology Week. “I think we will have good chip supply capacity by next year,” he added.

Both automotive industry leaders had a common view on the potential support for nuclear power that could help address the growing global energy needs.

“I am surprised that recently some countries have moved away from safe nuclear energy,” Muskas said.

However, in their dialogue, they avoided talking about competition issues between the biggest leaders in electric vehicles, such as Tesla, and old car manufacturers, who are now investing heavily in developing their range of electrified vehicles.

E. Muskas thanked J. Elkanas for the support that Tesla received from 2017 to 2019 from Comau, the robotics division of Fiat Chrysler Automobiles, now owned by Stellantis. That period was described by the head of Tesla as “one of the most painful periods” for his company, which was involved in the production of Telsa Model 3.

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“John helped me a lot during this very difficult period for our company,” said Musk, adding that Tesla had reached the brink of bankruptcy 6 times in its company’s history.

Carlos Tavares, CEO of Stellantis, said the group, which he formed after merging with Fiat Chrysler and the French PSA group, hoped to meet carbon targets in Europe this year without credits from Tesla.

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