Elon Musk fears bankruptcy after heavy losses – La Nouvelle Tribune

Elon Musk took advantage of a meeting he had with the members of the club Tesla Owners of Silicon Valley to express their concerns about the financial situation of You’re here. The businessman did not hesitate to mention the risks of bankruptcy that the house runs. “The last two years have been an absolute nightmare of supply chain disruptions”he launched in front of the shareholders.

For the boss of the car manufacturer of electric cars, the company is now encountering financial difficulties because it cannot produce in sufficient quantities. “Our main concern is how to make the factories work so that we can pay people and not go bankrupt”, continued the wealthy American businessman. The company’s profits fell by $2.5 billion during the second quarter of 2022.

A profit of 3.7 billion in the 4th quarter of 2021

It had however recorded during the fourth quarter of 2021, a gain valued at 3.7 billion dollars. We note that in the face of this situation, the boss of Tesla has already taken certain measures. Several employees will have to lose their jobs over the next few months and hiring is already frozen. It should also be remembered that this is not the only company of the wealthy American businessman who is facing financial problems. Last year, Elon Musk also confided that SpaceX was struggling to hold on.

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