Elon Musk shocks chip manufacturers with “Next Gen” model

by time news

Elon Musk

The Tesla boss wants to use significantly fewer silicon carbide chips for a new mass model.

(Photo: AP)

Munich, Dusseldorf Many had hoped that Elon Musk would unveil a new Tesla model. Instead, he presented a rather abstract vision at the Investor Day in Texas on Wednesday: Tesla boss Elon Musk promised numerous innovations for production, innovations for the supply chain and the electronics of the Tesla models. The investors were not convinced: the share price fell significantly as a result.

Some of the innovations presented could have far-reaching consequences – especially for the chip industry: Tesla presented an electric drive that only uses a quarter of the silicon carbide chips previously required. “Silicon carbide is an amazing semiconductor, but it’s also expensive and really difficult to scale,” said Colin Campbell, head of propulsion systems at Tesla. “So using less of that is a big win for us.”

Tesla boss Elon Musk causes stock market tremors

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