(Reuters) – Tesla Inc plans to pay in advance for chips to secure its supply of the crucial materials in a move to overcome the global chip shortage, the Financial Times reported on Wednesday, citing people familiar with the matter.
The electric-car maker is also exploring buying a plant as a part of the efforts, according to the report. (https://on.ft.com/3flWwFU)
Tesla could not immediately be reached for comment.
(Reporting by Sahil Shaw in Bengaluru; Editing by Shounak Dasgupta)