Long-lasting global auto semiconductor chip shortages could ease sooner than expected on the back of strong foundry shipments, consumer electronics slowdown and China re-opening, Morgan Stanley analyst Adam Jonas said on Tuesday.
What Happened
The analyst who tracks automakers like Tesla Inc and Rivian Automotive Inc said that the new and used car prices are expected to enter a new phase as the market gets flooded with new chips.The analyst says the move could shift the balance to pricing towards suppliers over dealers.
