Shares of Tesla, Inc. (TSLA.US) rose on Thursday, closing up more than 2% at $722.25. CEO Musk said the company was operating under "extreme supply chain constraints" associated with global semiconductor shortages.
In response to a social media post from wooden sister Cathie Wood, Musk highlighted the two major suppliers as the biggest constraints to car production. "in the super factory in Shanghai, China, Tesla, Inc. produced cars for export in the first half of the season and cars for the local market in the second half of the quarter," he said. As publicly disclosed, we operate under extreme supply chain restrictions on certain 'standard' automotive chips. Japan's Renesas Electronics (Renesas Electronics) and Germany's Robert Bosch are by far the biggest constraints on car construction. "
Renesas Electronics is a manufacturer of semiconductors and microcontrollers, and Germany's Bosch is a major automotive supplier of electronic products. Earlier this year, Tesla, Inc. said he would switch to more microcontrollers to avoid the impact of chip shortages.
Mr Musk's latest comments echoed his comments at the end of last month, when he warned that the global chip shortage was "quite severe" and could affect the pace of production in the second half of the year. He added that production growth would depend on the availability of other components in the global supply chain.
"fundamentally, chip supply is a factor affecting our production, and it's hard to say how long this will last because [chip supply] is basically out of our control," he told investors on July 27. It does seem to be getting better, but it's hard to predict. "
The shortage of chips has plagued major car companies. Since the second half of last year, the production of F.US, NSANY.US and BMWYY.US has all been affected, while General Motors Co, HMC.US, VLVLY.US, DMLRY.US and other announcements have been announced to stop production and cut production.
Us car and parts production shrank 22.5 per cent in the second quarter compared with the same period a year earlier due to a lack of cores, according to Fed data. The British Association of Automobile Manufacturers and traders (SMMT) also said recently that the UK produced only 69097 cars in June because of a shortage of chips, the lowest level since 1953 (except last year).
The "lack of core" problem will reduce global passenger car production by at least 5.2 million units this year, and that number will further expand to 8.1 million between 2021 and 2023, according to data released by the German Automotive Research Center.
In spite of this, some analysts pointed out that it is still believed that Tesla, Inc. will be able to achieve the target of delivering 1 million vehicles by 2021. In the best-case scenario, Tesla, Inc. makes Model Y in superfactories in Berlin and Texas in order to smoothly increase production next year, when the shortage of chips may start to become less severe.