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Benzinga
Benzinga
Technology
Shivdeep Dhaliwal

Tesla Cut Steering Component In China-Made Model 3, Y Cars As It Grappled With Chip Crunch: Report

Tesla Inc. China CNBC

Tesla Inc (NASDAQ:TSLA) removed an electronic control unit including in the steering racks of China-made Model 3 and Y cars as it faced a semiconductor shortage.

What Happened: The company under pressure to hit fourth-quarter sales targets amid the chip shortage removed the electronic control unit but did not say it was doing so, reported CNBC, citing two anonymous sources and internal correspondence of the company.

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