BREAKING NEWS
This content is not available in your region

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

Access to the comments Comments
Tesla set to pay for chips in advance to overcome shortage - FT
Tesla set to pay for chips in advance to overcome shortage - FT   -   Copyright  (c) Copyright Thomson Reuters 2021. Click For Restrictions - https://agency.reuters.com/en/copyright.html
Text size Aa Aa

(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)

Tesla could not immediately be reached for comment.

(Reporting by Sahil Shaw in Bengaluru; Editing by Shounak Dasgupta)

euronews provides breaking news articles from reuters as a service to its readers, but does not edit the articles it publishes. Articles appear on euronews.com for a limited time.