Elon Musk, Tesla's CEO, stated Monday that the company is rewriting its vehicle software in order to meet the demands of alternative chips. The shortage has caused disruption to the auto industry during a period of high demand for new cars. This has led to more delays, factory closures and higher prices.Musk stated that we were able to swap out alternative chips and write the firmware in just a few weeks. You can't just swap out the chip, you have to rewrite all of the software.The company stated that Tesla has been able to maintain high production levels and delivered over 200,000 vehicles to its customers in the past three months thanks to this approach. Tesla earned $11.9 billion in revenue and $1.1 billion profit in the quarter.The global shortage isn't just affecting Tesla. Automakers all over the globe are experiencing the effects of a shortage of chips, with demand at an all-time high. Daimler and BMW announced this week that they have had to close some of their production lines due to a lack of chips. This will reduce the company's output by tens or thousands of cars.The global chip shortage situation remains quite seriousMusk stated that Tesla's future growth depends on the resolution of the global shortage of semiconductors. He stated that the global shortage of chips is still a serious problem. Our growth rate for the remainder of the year will be determined by our slowest component in our supply chain. This includes the large range of chips used to make Tesla's vehicles.Tesla depends on chips for powering everything, from its airbags and the modules that control the vehicle seatbelts. This means that Tesla is now missing essential components necessary to ensure that the safety features of the vehicle. Musk stated that the module that controls the seatbelts and airbags was a major problem this quarter. These are essential for shipping a car.Musk expressed uncertainty about the future. He said that it does seem to be improving, but that it is hard to predict.
