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

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Elon Musk says Tesla’s new factories are ‘gigantic money furnaces’ that lose ‘billions’ as a consequence of provide chain chaos

  • Tesla’s Austin and Berlin factories are dropping ‘insane’ quantity of money
  • The big factories produce a ‘tiny’ variety of automobiles as a consequence of provide chain chaos
  • Musk expects Tesla to start out manufacturing of its Cybertruck electrical pickup vans in mid-2023
  • COVID-19-related shutdowns in Shanghai ‘have been very, very troublesome,’ Musk mentioned

information/tesla/index.html” id=”mol-ac8f9b90-f33d-11ec-a54d-f15910d74c32″>Tesla‘s CEO Elon Musk mentioned his new automotive factories are ‘dropping billions of {dollars}’ as a consequence of information/supply-chain-crisis/index.html” id=”mol-ac8f4d70-f33d-11ec-a54d-f15910d74c32″>provide chain woes and battery shortages.

‘This manufacturing facility is dropping insane money proper now,’ he defined. ‘We needs to be working much more automobiles from this manufacturing facility versus a really puny quantity of automobiles.’

‘Both information/berlin/index.html” id=”mol-ac90fb20-f33d-11ec-a54d-f15910d74c32″>Berlin and Austin factories are gigantic money furnaces proper now. Okay? It’s actually like a large roaring sound, which is the sound of money on fireplace,’ he informed members of a membership of Silicon Valley Tesla homeowners in Austin in an interview printed Wednesday. 

Musk mentioned Tesla’s Texas manufacturing facility produces a ‘tiny’ variety of automobiles due to challenges in boosting manufacturing of its new ‘4680’ batteries and as instruments to make its typical 2170 batteries are ‘caught in port in China.’

Telsa founder and CEO Elon Musk bemoaned the adverse impression of provide chain disruptions on the manufacturing of electrical autos at his Berlin and Austin giga-factories, saying that each are dropping ‘billions’ of {dollars} in the intervening time.  

‘This is all going to get fastened actual quick, nevertheless it requires a number of consideration,’ he continued. 

‘It will take extra effort to get this manufacturing facility into excessive line manufacturing than it took to construct it within the first place,’ the chief govt mentioned. 

Musk, who additionally based SpaceX, mentioned its Berlin manufacturing facility is in a ‘barely higher place’ as a result of it began with utilizing the normal 2170 batteries for automobiles constructed there. 

He mentioned the COVID-19-related shutdowns in Shanghai ‘have been very, very troublesome.’ The shutdown affected automotive manufacturing not solely at Tesla’s Shanghai manufacturing facility, but in addition at its California plant, which makes use of some car elements made in China, he mentioned. 

“The previous two years have been an absolute nightmare of provide chain interruptions, one factor after one other, and we’re not out of it but,” Musk mentioned.

Tesla’s overwhelming concern, he said, is “How will we preserve the factories working so we are able to pay folks and never go bankrupt?” 

The electrical car maker began manufacturing on the factories in Berlin and Texas earlier this yr.

Musk informed the group he anticipated Tesla would begin manufacturing of its Cybertruck electrical pickup vans, which has been delayed, in mid-2023.

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money-furnaces-lose-billions.html?ns_mchannel=rss&ns_campaign=1490&ito=1490″>Source Article

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