Tesla Inc CEO Elon Musk said on Tuesday he sees challenges with battery production next year that can hold back scaling up plans for the electric vehicle maker over the next two to three years.
What Happened
Musk told workers at Tesla’s Giga Berlin, after handing over the first Model Y deliveries to customers, that the EV maker is being held back by numerous challenges and is facing a “high class” problem of orders outpacing production.The billionaire entrepreneur said Tesla faced chip headwinds last year and continues to see some shortages this year as well. In the coming years, he said the challenges would be linked to battery production and its supply chain, which includes sourcing raw materials.
