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6/2, 10:21 AM (Source: TeleTrader)
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Supply chain a challenge, but not a long-term issue - Musk

Tesla Inc. CEO Elon Musk acknowledged on Wednesday that the company's "biggest challenge is supply chain, especially microcontroller chips."

"Never seen anything like it. Fear of running out is causing every company to overorder - like the toilet paper shortage, but at epic scale," he tweeted in response to a Twitter user who claimed Tesla is raising prices in the United States primarily due to "insane" domestic demand.

However, Musk also stressed that he does not see supply chain problems as "a long-term issue."

Breaking the News / MS