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Elon Musk says Tesla’s factories are ‘gigantic money furnaces’ that lose ‘billions’

Elon Musk says Tesla’s new factories are ‘gigantic money furnaces’ that lose ‘billions’ due to supply chain chaos

  • Tesla’s Austin and Berlin factories are losing ‘insane’ amount of money
  • The huge factories produce a ‘tiny’ number of cars due to supply chain chaos
  • Musk expects Tesla to start production of its Cybertruck electric pickup trucks in mid-2023
  • COVID-19-related shutdowns in Shanghai ‘were very, very difficult,’ Musk said

Tesla’s CEO Elon Musk said his new car factories are ‘losing billions of dollars’ due to supply chain woes and battery shortages.

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