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#Tesla founder announces his expectations that the chip crisis will end

 The famous American billionaire and founder of the "Tesla" company for electric cars, "Elon Musk", stated that he expects to intensify efforts to end the electronic chip crisis soon.

Tesla founder announces his expectations that the chip crisis will end



Musk stated that the shortage of semiconductors (electronic chips) around the world, which has greatly affected the auto industry, will be short-lived, as a result of work on building factories to produce these chips at the present time.


In an interview reported by international news agencies, he indicated that companies and governments are working to build more factories for the production of electronic chips, and that more of these chips will be available in the global market by 2022.



It is worth noting that Elon Musk warned last month that automakers, including Tesla, were under severe pressure due to supply chain disruptions and a shortage of electronic chips.



In terms of trading, the Tesla stock rose by 16:23 GMT by 1.2% to $ 762.8, and recorded the highest price at $ 765.8, while it recorded the lowest price at $ 744.5.

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