Temporary Halt of Tesla Factory Due to Semiconductor Shortage... Musk Admits on Twitter (Comprehensive)

Tesla Shares Plunge 8% Amid Concerns Over Prolonged Production Halt
Musk Urgently Tweets "Resumed Production Since Yesterday"

[Image source=Reuters Yonhap News]

[Asia Economy Reporter Hyunwoo Lee] Concerns are growing in the global automotive industry as Tesla is reported to have temporarily halted electric vehicle production due to a shortage of automotive semiconductors. Tesla CEO Elon Musk directly acknowledged via Twitter that Tesla's factory temporarily stopped electric vehicle production, but he emphasized that production has since resumed.

According to foreign media including Bloomberg News, on the 25th (local time), Tesla, a U.S. electric vehicle manufacturer, temporarily suspended production of the Model 3 electric sedan at its Fremont, California plant for two weeks. Bloomberg, citing industry sources, reported that the Model 3 production halt at the Fremont plant began on the 22nd and is expected to continue until the 7th of next month.

In response, Musk stated on his Twitter account, "Tesla's Fremont factory was closed for two days due to a semiconductor shortage, but production resumed yesterday." On the same day, Tesla's stock price closed at $682.22, down 8.06% from the previous day amid concerns over a prolonged production halt.

This production stoppage is interpreted as a result of the global shortage of automotive semiconductors spreading worldwide. Earlier, major foreign media reported that Tesla had indicated it might face temporary shocks last month due to semiconductor shortages. Not only Tesla but other global automakers such as General Motors (GM) are also reportedly struggling with automotive semiconductor supply shortages.

The automotive semiconductor shortage began in the first half of last year when semiconductor manufacturers reduced production anticipating a sharp decline in vehicle sales due to the COVID-19 pandemic. However, contrary to market expectations, vehicle demand rapidly recovered from the second half of last year, and as automakers simultaneously increased production volumes, the semiconductor shortage worsened.

This supply-demand imbalance has also been affected by the impact of reduced semiconductor production caused by the Texas cold wave and power outages. Analysis suggests that the shutdown of Samsung Electronics' semiconductor plant in Texas, which experienced a massive blackout due to last week's severe cold wave, affected Tesla, which receives autonomous driving-related semiconductor chips from Samsung's Texas plant.

This content was produced with the assistance of AI translation services.