Market Chatter: Tesla Received Reasonable-Terms Chip Supply From Micron, Musk Says

MT Newswires Live07-23

Micron Technology (MU) recently provided Tesla (TSLA) with a "significant allocation" of memory chips, Bloomberg reported Wednesday, citing Tesla CEO Elon Musk's comments on the automaker's quarterly earnings call.

At a time when memory chips are hard to come by and prices are high, Micron's supply to Tesla was done on very reasonable terms, Musk said, according to the report.

Tesla and SpaceX are not among Micron's top 10 clients, according to data compiled by Bloomberg.

Micron did not immediately respond to a request for comment from MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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