Elon Musk said that with his expertise in custom equipment manufacturing, he believes his company will probably “find a better way to manufacture chips than anyone else.” Musk said at a customer and investor party outside the Tesla Gigafactory in Austin, Texas, that although he now “doesn't know at all how to make microchips, we'll get it done.” On Saturday, he participated in the “xTakeOver” event via livestream. He mentioned that while visiting competitors' factories, he found that the other party rarely used custom equipment, which was an area where his company excelled, which enabled them to improve manufacturing processes. “I think, to be precise, this is one of the hardest things in the world to do,” Musk said. “I don't want to be complacent or taken for granted, but I think we can probably find a better way to make chips than anyone else. Really. I don't know how long this will take; it could take years.” Musk is preparing to build a Terafab plant in Grimes County, Texas. The project was a joint venture between his company Tesla and SpaceX and Intel, with an initial investment of over $15 billion.

Elon Musk said that with his expertise in custom equipment manufacturing, he believes his company will probably “find a better way to manufacture chips than anyone else.” Musk said at a customer and investor party outside the Tesla Gigafactory in Austin, Texas, that although he now “doesn't know at all how to make microchips, we'll get it done.” On Saturday, he participated in the “xTakeOver” event via livestream. He mentioned that while visiting competitors' factories, he found that the other party rarely used custom equipment, which was an area where his company excelled, which enabled them to improve manufacturing processes. “I think, to be precise, this is one of the hardest things in the world to do,” Musk said. “I don't want to be complacent or taken for granted, but I think we can probably find a better way to make chips than anyone else. Really. I don't know how long this will take; it could take years.” Musk is preparing to build a Terafab plant in Grimes County, Texas. The project was a joint venture between his company Tesla and SpaceX and Intel, with an initial investment of over $15 billion.