Tesla’s Silicon Valley roots have underpinned its ability to navigate the global chip shortage and put the company on a path to record deliveries
Tesla Inc. has emerged as one of the auto industry’s biggest winners in a year plagued by semiconductor shortages and snarled global supply chains. It owes that success in some measure to its Silicon Valley roots.
Elon Musk’s electric-vehicle maker is poised to manufacture roughly 80% more vehicles this year than it did in 2020, analyst forecasts indicate, on pace for its fastest annual production growth since 2018. The global auto industry, hit hard by , is expected to produce around 1% more vehicles than last year and 15% fewer than in 2019, according to IHS Markit.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Elon Musk Trolls NFT Skeptics in Music IndustryThe eccentric centibillionaire again tweets about NFTs, this time making fun of NFT skeptics in the music industry
Read more »
Can Elon Musk and Tesla really build a humanoid robot in 2022?The car company’s expertise in AI could help it design a working prototype, but delivering a reliable product on schedule will be challenging
Read more »
Elon Musk Brags About Owing Small Fraction of His $280B in TaxesElon Musk bragged about receiving an $11 billion tax bill, but it is only due to large stock sales over the past month from which he will most likely continue to profit.
Read more »
Watch Elon Musk Squirm Over His Taxes on 'The Bernie Sanders Experience'“A hole in the ground is better than no hole in the ground!”
Read more »
Elon Musk Says Humans Will Be On Mars Within a DecadeElon Musk predicts that humans will land on Mars within a decade. How realistic is this timetable given that Starship hasn't even made it into orbit yet?
Read more »
Elon Musk owes $11 billion in taxes after wrapping up his Tesla stock salesElon Musk appears to have wrapped up a busy year of trading his Tesla shares Tuesday. He'll end up with one of the largest tax bills in history to show for it.
Read more »