Home Uncategorized Musk Calls Tesla’s New Factories ‘Gigantic Money Furnaces’

Musk Calls Tesla’s New Factories ‘Gigantic Money Furnaces’

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Tesla Inc.’s two newest car factories have been losing billions of dollars as supply-chain disruptions and battery-cell manufacturing challenges limit the company’s ability to increase production, Elon Musk said in a recent interview.

The company’s plants in Germany and Texas, which opened earlier this year, are “gigantic money furnaces,” the Tesla chief executive said in a May 30 interview with a Tesla owners’ club that was released Wednesday.

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