Musk said when chip shipments normalize

Tesla CEO Elon Musk said today that with new semiconductor factories planned or under construction, the global chip shortage hitting the auto industry this year will be short-lived.

“There are a lot of chip factories under construction right now,” Musk said during a joint session with Stellantis and Ferrari Chairman John Elkann at Italian Tech Week. "I think by next year we will have a good opportunity to ship the chips."

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