Thursday, June 23, 2022

Oh, Elon

 Fun couple of months.

Tesla CEO Elon Musk said his electric-car factories are “losing billions of dollars” as global supply-chain disruptions and challenges in battery manufacturing constrain the company’s ability to scale up production.

New factories in Berlin and Austin — where Tesla moved its headquarters in December — “are gigantic money furnaces right now,” Musk told members of a club of Silicon Valley Tesla owners in Austin on May 30, according to a video of the interview published Wednesday.