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Musk says Tesla Berlin and Austin factories losing billions of dollars

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“The past two years have been an absolutely nightmare of supply chain disruptions, one thing after another, and we are not out of it yet,” Tesla CEO Elon Musk said.

Patrick T. Fallon | Reuters

Tesla’s newest car factories in Texas and Berlin are losing “billions of dollars right now” as supply chain disruptions hamper the electric vehicle giant’s ability to ramp up production, chief executive Elon Musk said in an interview published this week.

“Both Berlin and Austin factories are gigantic money furnaces right now. OK? It should be like a giant roaring sound which is the sound of money on fire,” Musk said in the interview with Tesla Owners Silicon Valley, which was recorded on May 30 and…



Source cnbc.com

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