Home » today » Business » Furnaces for money. Tesla’s new factories are making billions, Musk admitted

Furnaces for money. Tesla’s new factories are making billions, Musk admitted

The plants are “making billions of dollars right now.” It’s a ton of cost and almost no production, “Musk complained in an interview with the acclaimed Tesla Owners Club in Silicon Valley.

“The factories in Berlin and Austin are gigantic money kilns right now. It’s like a giant crash, which is the sound of burning money, “he added.

In addition, another Gigafactory Tesla in Shanghai is facing a significant disruption of production operations this year. The reason is the strict policy of China, which this year introduces large-scale lockdowns due to the spread of covid-19. The factory was not in operation for several weeks.

The already mentioned factory in Austin pays for supply disruptions in the supply chain. According to Musk, he now produces only a small number of new cars because some battery components are stuck in one of China’s ports, where no one can move them.

The fact that the current situation in Tesla is not rosy is also evidenced by the fact that Musk confirmed his earlier announcement this week of mass redundancies. In the next three months, the number of those who work for a fixed salary is to decrease by ten percent, which is 3.5 percent of the company’s total workforce.

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