TURIN — Tesla CEO Elon Musk mentioned there’s an finish in sight for the worldwide chip scarcity that has pummelled the automobile business this 12 months due to new semiconductor vegetation which are deliberate or below development.

Requested how lengthy he thought the worldwide chip scarcity would have an effect on automobile manufacturing, Musk mentioned: “brief time period I feel.”

“There’s a number of chip fabrication vegetation which are being constructed,” Musk mentioned throughout a web based dialogue on Friday with Stellantis and Ferrari Chairman John Elkann, at Italian Tech Week.

“I feel we can have good capability for offering chips by subsequent 12 months,” he added.

The 2 automotive business leaders agreed on potential help coming from nuclear energy to cowl for growing international vitality wants.

“I’m stunned by a current transfer away of some international locations from nuclear vitality, which is protected,” Musk mentioned.

However of their dialogue they averted referring to competitors points between prime electrical mobility leaders akin to Tesla and legacy automakers now investing closely to increase their lineups of electrified autos.

Musk nonetheless thanked Elkann for help Tesla acquired between 2017 and 2019 from Comau, the robotic unit of Fiat Chrysler Cars, now a part of Stellantis, throughout what he known as “one of the vital painful durations” for his firm, linked to the launch of Mannequin 3 manufacturing.

“John helped me lots in that interval,” Musk mentioned, including Tesla had come near chapter “half a dozen instances.”

Stellantis CEO Carlos Tavares has mentioned the group, fashioned by the merger of Fiat Chrysler and France’s PSA, anticipated to attain its European carbon dioxide emission targets this 12 months with out credit purchased from Tesla.