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What Chip Shortage? Tesla To Pay Upfront To Secure Supply 05/27/21 AT 9:51 AM As the auto industry struggles with a semiconductor chip shortage that has forced temporary production shutdowns at a majority of automakers’ plants, Tesla (TSLA) is looking to circumvent the issue by paying in advance for a supply of the chips. According to Financial Times, Tesla is in talks with suppliers in the U.S., Taiwan and South Korea looking to secure a steady stream of chips. Tesla is also exploring options to buy a chip plant. The chips that Tesla is looking to procure are the latest generation that ar...

Since we had the meeting with the president. number one, we passed a bipartisan water infrastructure package of $35 out of my epw committee with chairman carper, bipartisan. we got 89-2 vote on the senate floor on that piece of legislation. that's one of the pieces the president had and we have like agreement on in terms of physical infrastructure. the other thing is yesterday we passed a $316 trillion five-year surface transportation bill. it adds a lot of things the president wants in there, resiliency, roads and bridges. we have connecting communities in there and we also have ed-charging i...

"We clearly have a new Cold War," Sen. Rick Scott (R-Fla.) said in brief remarks delivered at the weekly news conference by Senate Republican leaders. Scott called the Chinese government "despicable," and he urged Americans to "stop buying Chinese products."

10 things in tech: DC's Amazon lawsuit, Airbnb update, Ford's frunk jerb@insider.com (Jordan Parker Erb) © Alex Wong/Getty Images Alex Wong/Getty Images Good morning and welcome to 10 Things in Tech. If this was forwarded to you, Let's get started. 1. DC's attorney general is suing Amazon, accusing it of abusing its power to control prices online. Amazon requires third-party sellers to not offer products at lower prices on other websites, which the attorney general says is an antitrust violation. Everything you need to know about the lawsuit. 2. Airbnb announced over 100 n...

Senate Majority Leader Charles Schumer’s (D-N.Y.) bipartisan bill seeking to improve U.S. competitiveness with China and other countries is attracting barbs from Republicans and progressives alike.