Microchips’ shortage is a result of panic ordering – Elon Musk

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Elon Musk from Tesla sees the current disruptions in the supply chain as the biggest challenge. This is what the entrepreneur said on Twitter.

In particular, a shortage of so-called microcontroller chips called Musk a major challenge.

I’ve never seen anything like it. The fear of shortages causes companies to order much more than they need, as we have seen in supermarkets with toilet paper, but on an unprecedented scale.

However, Musk does not expect the current challenges to remain a long-term problem. “It’s clearly not a long-term problem,” he tweeted.

At the beginning of May, Intel CEO Pat Gelsinger said he expected the global semiconductor shortage to continue for a few years.

About the author

Nicholas de Kramer

Nicholas de Krammer, а self-taught economic analytic with heave mathematical background. Math behind the economics (and economics behind math) is the strong side of the author. Contact him at [email protected]

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