How Tesla Is Not Affected By Chip Shortage

Despite being a very new player in the automotive industry, Tesla delivered a better than expected 200,000+ cars worldwide in the third quarter, which happens to be a new record for the electric car maker. You need to consider the fact that there is an ongoing global semiconductor shortage that has forced so many auto manufacturers to even shut down their production and manufacturing facilities for a few days. But it looks like Tesla was least affected by this semiconductor shortage. Or is it? Well, let's find out. We know that Tesla packs some of the world's best technologies that you could get in a car, and it's all-electric. So it's more appealing to many buyers because of the performance these cars offer over similarly priced gasoline cars. Twenty years ago, nobody would have cared to buy an electric car because these cars used to be extremely boring and they were not reliable enough. People also had range anxiety issues because the battery technology was at its infancy when it came to implementing them into electric cars. Moreover, electric vehicles were a lot more expensive, which used to be why nobody bothered to buy electric vehicles. But that is not the case today, all thanks to Tesla. The demand for personal transportation is a lot more than ever before, especially when it comes to electric cars. We have so many governments promoting the purchase of EVs by providing subsidies for electric vehicles. This is to accelerate the world's transition to sustainable energy, and this is precisely the goal of Tesla as well. But right now, it looks like the automotive industry is not doing great. Why? Well, blame it on the global semiconductor shortage. But what exactly is this? Well, the shortage of semiconductors or the reduction in the supply of semiconductors did send massive shockwaves throughout the global economy, which is squeezing suppliers of everything from cars to even headphones. Our modern technology entirely relies on these minuscule components, which happen to be the building blocks of computers that will allow electronic devices to process data. Today millions of products that include your cars, washing machines, smartphones, laptops, and a lot more rely on computer chips, also known as semiconductors, and right now, the supply is lower than the demand. So much so that automobile manufacturers had to either increase the prices of their vehicles or shut down their factories completely. This could also affect the revenue for these companies. But why exactly do we have a global chip shortage? Well, you need to blame it on the COVID-19 crisis because earlier in 2020, a lot more people were forced to buy electronic devices like laptops, Smartphones, and tablet computing devices because so many countries declared nationwide lockdowns, and people were forced to work from their homes and students were forced to study from their own houses. The entire economy was shut down. WATCH THIS VIDEO NEXT: How Tesla Cars Are Made So Fast - Meet the GIGA PRESS (   • How Tesla Cars Are Made So Fast - Meet the...  ) Subscribe: https://bit.ly/30vR5eV