We all know that how much the automobile industry does matter nowadays because they give is millions of cars to travel and there is very nice goodwill has been created by the company called Tesla who delivered almost a million cars in 2021 despite the semiconductor crisis plaguing the automobile industry.
But in India, we all know that there are 70% of middle-class families are there so not everyone is able to buy or afford that car and spare parts of the car so they prefer to give insurance policy to make you able to purchase the car and spare parts easily.
Goodwill speech of business:-
In our old-time such as in the early 1900s, Henry Ford revolutionized the automobile industry by introducing the Model There was a very simple model with 0 automatic system. But we’re not in the 1900s anymore and the “basics” don’t quite cut it for car-owners these days. They need a sunroof that’ll open up on voice command. You can see a smarter car with smart facilities with highly anticipated forms of technology.
So, in short, it’s 21st-century people get smarter and they also expected the smart things as well. But now we all know that pandemic times are there due to COVID 19 and in the auto manufacturers believed that lockdowns would cripple demand. And they weren’t convinced they’d need as many chips with the way things were panning out.
So, chip makers rerouted their supplies elsewhere — to computer and electronics manufacturers. But when demand for cars picked up, there just weren’t enough supplies going around and automakers simply couldn’t do a thing about it. And there’s something else you should know— Chip manufacturers earn less money by supplying to car makers! So, they’re actually quite happy with the status quo.
However, while most car manufacturers are struggling to get their hands on these prized items, one company isn’t too fussed about any of this. We’re talking about Tesla! On Sunday, the company said that it delivered about 936,000 cars in 2021. That’s nearly 100% more cars compared to 2020. The number beat all estimates and the stock jumped by 14%. Now the question arises that how did Tesla do this? Doesn’t the electric vehicle maker need chips?
First, let’s be clear. Tesla isn’t immune to this problem entirely. It had briefly shut down a plant last year and also delayed production of its much-anticipated Cybertruck by the various updation of technology. If we talk about the sources of attraction of the customer so …let’s face it, Tesla is kind of a cult, no?
Its customers are typically Elon Musk fans who will buy the car as a status symbol (kind of similar to Apple loyalists). And a bad economy may not lead to large swings in demand. At least not the same way it impacts traditional automakers. And it’s one reason why Tesla didn’t tell chip makers to hold off supplies despite the pandemic. They were kind of convinced demand for Tesla vehicles would remain robust.
Then there’s the fact that Tesla has always been a tech company of sorts. Take, for instance, the popular Model 3 sedan (the same model that’s making its way to India). According to research by Bain & Co., the car uses just a consolidated chip setup to control things like its speakers and gesture recognition. If you look at other cars, you’ll see that this requires separate, distinct chips.
And Tesla, more often than not, prefers to do a lot of things in-house. Even when they have to source chips from elsewhere, they source them directly from manufacturers. There are no third parties involved. And it means Tesla often has a better working relationship with these people. And word on the street is that these folks are quite willing to accommodate Tesla since they believe the company may be the future— a strategic customer of sorts.
Well according to the sources we come to know that Mo Siddiqui, who lives in Hamburg, Germany, said he received a text message from Tesla earlier this month advising him that, due to supply-chain problems, the roughly $70,000 Model Y compact sport-utility vehicle he had purchased might be delivered without some USB ports or wireless phone charging capability.
Mr. Siddiqui was able to schedule the vehicle to be retrofitted within two weeks of picking it up. I can live with that, he said. Finally, there’s Tesla’s engineering team that quickly rewrote all its software so that they could work with alternative manufacturers as well. Quite efficient! And despite having such a massive advantage, the company isn’t even shy about delivering cars without some of its promised features.