The Real Reason Tesla Overcame The Chip Shortage Crisis!

Find out how Tesla is battling the global chip shortage and the issues this is causing for its supply chain.

Chip Shortage Quotes

“We have seen, I think, probably shortage across the entire industry. There is a couple of factors driving that. One is the shape recovery, I think, across many of the sectors that were present now. We saw acceleration of digital transformation also consistent with this trend of the enterprise transformation of the home…So that’s driving a situation that demand is outpacing supply.” ~Cristiano Amon, Qualcom President.
“It’s early days, we’re doing a lot. Ford knows how to scramble. We’re adjusting yield management, moving the chips that we do have to the most profitable vehicles, our electric vehicles. You know, protecting production of strategically important vehicles. We’re working through it right now.” ~Jim Farley, Ford CEO.
“Our estimates are it’s probably two years for the industry to work through it because, as you say, it takes a while to build a fabrication, or a fab, as we like to call it in the industry.” ~Pat Gelsinger, Intel CEO.
“Our biggest challenge is supply chain, especially microcontroller chips. Never seen anything like it. Fear of running out is causing every company to overorder – like the toilet paper shortage, but at epic scale.” ~Elon Musk, Tesla CEO.
“This is one that President Biden really has to get involved in because he can make a difference. We need all (companies) at work in order to be able to meet this incredible chip shortage.” ~Jim Cramer.
“We continue to see very strong demand, and expect to enter next year with a significant backlog.” ~Enrique Lores, HP CEO.