- Tesla Inc (NASDAQ:TSLA) CEO Elon Musk rebuffed the global auto chip crisis as a “short-term” problem that will be over by next year, CNBC reports.
- Musk previously acknowledged the impact of the crisis on its supply chain.
- At an Italian tech event joined by Ferrari NV (NYSE:RACE) and Stellantis NV (NYSE:STLA), Musk expressed confidence in the chip fabrication plants that would likely resolve the crisis, Reuters reports.
- AlixPartners expect the crisis to affect the auto industry $210 billion in lost revenue, up from $110 billion.
- The important chipmakers like Intel Corp (NASDAQ:INTC) and Taiwan Semiconductor Manufacturing Co Ltd (NYSE:TSM) expected the crisis to linger.
- The crisis compelled General Motors Co (NYSE:GM) and Ford Motor Co (NYSE:F) to cut down on production.
- Price Action: INTC shares traded higher by 0.37% at $54.23 on the last check Friday.
Royal Caribbean Shares Move Higher As Traders Circulate Recent Post From Co. Fan Site ‘Royal Caribbean cancels cruises on 4 cruise ships for a few weeks due to Covid-19’
https://www.royalcaribbeanblog.com/2022/01/07/royal-caribbean-cancels-cruises-4-cruise-ships-few-weeks-due-covid-19
