Key facts
- Micron Technology Inc. has supplied Tesla Inc. with a significant amount of memory chips.
- Elon Musk stated the supply was provided on "very reasonable terms."
- Musk highlighted the current scarcity and high prices of memory chips.
- The comments were made during Tesla's quarterly earnings call.
Micron Technology Inc. recently provided Tesla Inc. with a "significant allocation" of memory chips, according to Tesla CEO Elon Musk. Musk made the remarks during the automaker's quarterly earnings call, emphasizing that the supply was secured on "very reasonable terms" at a time when memory chips are scarce and prices are elevated.
The comments underscore the ongoing challenges in the semiconductor supply chain, particularly for memory components crucial for modern vehicles, which rely heavily on advanced electronics for functions ranging from infotainment systems to autonomous driving capabilities.