Musk Says Berlin and Austin Plants Are "Gigantic Money Furnaces"
Tesla CEO Elon Musk says the company's newest car factories in Austin and Berlin are "losing billions of dollars" at the moment as they require massive expenses to operate but have hardly any output due to a shortage of batteries and China port issues.
"Both Berlin and Austin factories are gigantic money furnaces right now. Okay? It's really like a giant roaring sound, which is the sound of money on fire."
In an interview with Tesla Owners Silicon Valley, an official Tesla recognized club, the executive said the Texas factory produces a "tiny" number of vehicles because of challenges in ramping production of the company's new 4680 batteries and as tools to make its conventional 2170 batteries are "stuck in port in China."
Elon Musk added that the Shanghai COVID-19 …
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