Hyperdrive
Musk Says Panic-Buying of Chips Is Like Rush on Toilet Paper
- Supply chain has becomes Tesla’s biggest challenge, CEO says
- Automakers are projected to lose out on $110 billion in sales
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Elon Musk said the chip shortage is wreaking havoc on Tesla Inc.’s supply chain and blamed companies ordering more microcontrollers than they need, much like consumers hoarded toilet paper in the early days of the pandemic.
“Our biggest challenge is supply chain, especially microcontroller chips. Never seen anything like it,” the chief executive officer tweeted Wednesday. “Fear of running out is causing every company to overorder – like the toilet paper shortage, but at epic scale.”