Musk Says Micron's Future Chip Prices Are Fair, Others Are Too High
On Oct. 13, Elon Musk said on X that Micron had been reasonable on future memory prices, while other suppliers had been extortionate. Elon Musk on X The comment was about forward pricing, which means prices set now for later delivery, not a completed purchase. It singled out Micron for favorable terms and put other memory suppliers in negative terms.
On the same date, Musk also gave his opinion on China-produced memory chips, as reported by Barron's. His X account carries a pinned post reading "Timing is everything" (X). That pinned line is undated background, not a dated statement about memory supply.
The Oct. 13 remarks followed earlier buying comments from the summer. On July 22, Musk said Micron had provided Tesla with a significant supply of memory chips on reasonable terms, according to Bloomberg. The next day, Micron shares rose 3.1% in intraday trading, which is trading during market hours, after Musk thanked the company, according to Yahoo Finance.
Earlier, on June 26, 2025, Micron Technology shares rose 2% in premarket trading, which is trading before the market opens, after the company issued a robust forecast for fourth-quarter revenue, according to Reuters. That move was tied to guidance, not to buying commentary.
The broader context here is how large buyers bargain when only a few firms sell memory. Like booking rooms ahead for a big event, agreed future prices, promises of supply, and longer contracts often matter more than daily spot prices. A public split between reasonable and extortionate quotes rewards one supplier while pressing the others on price discipline and volume.
Looking at what this means for pricing and supply strategy, experts will parse three variables. First, how long Micron's terms last and if they are a fixed price, a collar, which is a set price range, or reserved factory capacity. Second, backup suppliers, including where China-made memory fits by chip design and reliability tests. Third, how buyer comments move shares, as in July. When supply is tight, getting chips matters more than list price, and the question is whether profit and sales hold up.
