Mask stated main challenge “Epic Scale” for Tesla

Tesla Head Ilon Mask called the problem with chip supplies “The most important challenge” for Tesla. He wrote in his twitter that the shortage of the chip is “as a shortage of toilet paper, but epic scales” .

Billionaire said that “never saw anything like that.” Fear to stay without chips, according to him, causes companies to order more components than need. Tesla wants to buy their own chip production factory, written earlier Financial Times.

Earlier Mask called the reasons for the rise in prices for electric cars. According to him, the main reason lies in problems with supply chains. In May, Tesla increased prices on Model 3 and Model Y, which has become a fifth increase over the past few months. In April, Mask has already spoken about the difficulties for the company due to the global shortage of chips.

Due to the lack of components of AvtoVAZ for several days in June, it will suspend the production of some cars, including Lada Granta. The company plans to suspend production on June 2, and renew it on June 4th.

It is estimated by IHS Markit, due to the lack of semiconductors in the first quarter, about a million cars around the world will be postponed, and fully satisfy the demand of the auto industry for chips will not be earlier than the second half of the 2021th.

/Media reports.