Tesla factories losing billions due to battery shortages and China woe

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Tesla factories in Texas and Berlin ‘losing billions’ due to scarcity of batteries and Shanghai shutdown, says Musk

Elon Musk mentioned Tesla’s automotive factories in Texas and Berlin are ‘losing billions of dollars’ as they wrestle to enhance manufacturing due to a scarcity of batteries and Chinese port points.

‘Both factories are gigantic money furnaces right now,’ the electrical automotive maker’s chief govt mentioned in an interview launched on Wednesday.

‘It’s actually like a large roaring sound, which is the sound of money on fireplace. Supply chain interruptions have been extraordinarily extreme.

‘Overwhelmingly our concern is how do we keep the factories operating so we can pay people and not go bankrupt.’

The 50-year-old mentioned the Covid-19-related shutdowns in Shanghai ‘were very, very difficult’. 

He added: ‘The past two years have been an absolute nightmare of supply chain interruptions, one thing after another, and we’re not out of it but.’

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