Elon Musk Says Tesla Factories Are Losing Billions Of Dollars

Elon Musk has said Tesla is losing billions of dollars due to shortages and supply chain issues.

Musk went as far as to say that factories in Berlin and Austin are ‘gigantic money furnaces’, admitting he’s concerned about being able to keep factories open without going bankrupt.

Musk also revealed that Tesla’s Texas plant had only manufactured a ‘tiny’ amount of electric vehicles.

Speaking to Tesla Owners of Silicon Valley, an official club dedicated to the electric car company, Musk explained: “Both Berlin and Austin factories are gigantic money furnaces right now.”

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