Tesla set to pay for chips in advance to overcome shortage

The electric-car maker is also exploring buying a plant as a part of the efforts, according to the report.

Reuters

May 27, 2021 / 11:23 IST

Tesla [Image: Reuters]

esla 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.

Tesla could not immediately be reached for comment.

Reuters

first published: May 27, 2021 11:23 am

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