Wed Jun 22, 2022, 09:09 PM
Yo_Mama_Been_Loggin (85,673 posts)
Reuters Musk says Tesla's new car factories 'losing billions of dollars'
By Hyunjoo Jin
SAN FRANCISCO (Reuters) -Tesla Inc's new car factories in Texas and Berlin are "losing billions of dollars" as they struggle to increase production because of a shortage of batteries and China port issues, Chief Executive Elon Musk said in an interview published on Wednesday. "Both Berlin and Austin factories are gigantic money furnaces right now. Okay? It's really like a giant roaring sound, which is the sound of money on fire," Musk said in an interview with Tesla Owners of Silicon Valley, an official Tesla-recognized club, in Austin, Texas, on May 31. The club divided its interview with Musk into three parts, the last of which was released on Wednesday. Musk said Tesla's Texas factory produces a "tiny" number of cars because of challenges in boosting production of its new "4680" batteries and as tools to make its conventional 2170 batteries are "stuck in port in China." "This is all going to get fixed real fast, but it requires a lot of attention," he said. https://finance.yahoo.com/news/musk-says-teslas-car-factories-185317108.html 
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9 replies, 982 views
 9 replies |
Author | Time | Post |
 Reuters Musk says Tesla's new car factories 'losing billions of dollars' (Original post) |
Yo_Mama_Been_Loggin | Wednesday | OP |
| StarryNite | Wednesday | #1 | |
| UTUSN | Wednesday | #2 | |
| Lovie777 | Wednesday | #3 | |
| BootinUp | Wednesday | #4 | |
| dalton99a | Wednesday | #5 | |
| PortTack | Wednesday | #6 | |
| tinrobot | Wednesday | #7 | |
| BSdetect | Thursday | #8 | |
| harumph | Thursday | #9 |
Response to Yo_Mama_Been_Loggin (Original post)
Wed Jun 22, 2022, 09:10 PM
StarryNite (8,240 posts)
1. Oh, well.
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Response to Yo_Mama_Been_Loggin (Original post)
Wed Jun 22, 2022, 09:12 PM
UTUSN (64,179 posts)
2. AWwwRI
Response to Yo_Mama_Been_Loggin (Original post)
Wed Jun 22, 2022, 10:55 PM
BootinUp (42,440 posts)
4. See the capitalist boast, see the capitalist cry. Nt
Response to Yo_Mama_Been_Loggin (Original post)
Wed Jun 22, 2022, 11:02 PM
5. NEXT: Elon Musk asks for federal subsidies, bailouts.
Response to Yo_Mama_Been_Loggin (Original post)
Wed Jun 22, 2022, 11:07 PM
PortTack (25,627 posts)
6. Awhhh so sad 😞
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Response to Yo_Mama_Been_Loggin (Original post)
Wed Jun 22, 2022, 11:53 PM
7. Musk is probably trying to tank the stock so he can buy more at a discount.
Response to Yo_Mama_Been_Loggin (Original post)
Thu Jun 23, 2022, 06:39 AM
BSdetect (8,558 posts)
8. Reuters has been called out on it's lousy reporting.
Response to Yo_Mama_Been_Loggin (Original post)
Thu Jun 23, 2022, 09:20 AM
9. tools to make its conventional 2170 batteries are "stuck in port in China."
