new factories would be ‘gigantic money ovens’, says Elon Musk

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Photo credit © Reuters

(Boursier.com) — You’re here shows little change before the stock market on Wall Street on Thursday. However, Elon Musk’s latest confidences about the activity of the electric vehicle manufacturer are enough to make people shudder! New Tesla factories in Germany and Texas would lose billions of dollars as a result, according to Bloomberg, which reports the CEO’s comments to the Tesla Owners Silicon Valley club. In this interview, which took place on May 31, but was only published yesterday, Musk even said that the Berlin and Austin factories are currently “gigantic money ovens”.

Musk added that Tesla had struggled to quickly ramp up production of Model Ys in Austin, vehicles that use the new 4680 cells and structurally integrated battery. Even though everything should be fixed very quickly, it requires a lot of attention, and it will take more effort to bring this factory to high volume production than it took to build it in the first place…

Musk noted that Berlin was in a slightly better position, with Tesla having outfitted it to build cars with 2170 cells, but the major concern is how to keep factories running “so people can get paid and people can get paid.” ‘company does not go bankrupt’!

According to Musk, the Covid shutdowns in China have been “very, very difficult to say the least”, although the article notes that Tesla has more than tripled production at its factory in China since the interview took place.


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