Some of the largest tech companies have decided to respond to the semiconductor shortage by designing their chips internally. Tech analysts and business people have spoken about the semiconductor shortage and how the coronavirus pandemic has severely drained the resources required to make the chips and parts needed for everyday electronic devices.
Detroit's Big Three automakers plan to announce on Thursday that they aspire to have 40% to 50% of new vehicle sales by 2030 be electric models as they call for billions in U.S. government assistance to meet aggressive targets, sources briefed on the matter said.
Sound the alarm bells: it appears that some of the most fervent Tesla cultists could be beginning to stray from the path in what could be an ominous sign for an automaker that has relied heavily on its cult status to stay afloat.
Tesla is now more valuable than the combination of the world’s top seven traditional auto makers, despite only delivering half a million cars this year.
Tesla CEO Elon Musk says the US electric carmaker is exploring opportunities for establishing a presence in Russia and opening production lines in the country.