Tesla set to pay for chips in advance to overcome shortage - FT
Reuters2021-05-27
May 26 (Reuters) - Tesla 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.
Tesla fell slightly in afterhours trading.
(Reporting by Sahil Shaw in Bengaluru; Editing by Shounak Dasgupta)
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