Musk says Tesla’s new car factories have lost ‘billions of dollars’

He said that its Berlin factory is in “slightly better condition” as it started with the use of conventional 2170 batteries for cars made there.

He said that its Berlin factory is in “slightly better condition” as it started with the use of conventional 2170 batteries for cars made there.

Tesla Inc.’s New Car Factories Texas And Berlin They are “losing billions of dollars” as they struggle to ramp up production due to battery shortages and China port issues, Chief Executive Elon Musk said in an interview published Wednesday.

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“Both the Berlin and Austin factories are huge money furnaces right now,” Musk said in an interview with Tesla owners, a Tesla-accredited official. There’s a voice.” Club, in Austin, Texas, on May 31.

The club split its interview with Musk into three parts, the last of which was released on Wednesday.

Musk said challenges in promoting Tesla’s Texas factory produced a “small” number of cars Production of its new “4680” batteries And its traditional 2170 battery making equipment as “stuck in port in China.”

“It’s all going to recover real fast, but it requires a lot of attention,” he said.

He said that its Berlin factory is in “slightly better condition” as it started with the use of conventional 2170 batteries for cars made there.

Demand to ‘not go bankrupt’

He said that the shutdown related to COVID-19 in Shanghai “It was very, very difficult.” The shutdown affected car production not only at Tesla’s Shanghai factory, but also at its California plant, which uses some vehicle parts made in China, he said.

Tesla plans to suspend most production in the first two weeks of July, according to an internal memo to work on upgrading the site to boost production at its Shanghai plant. Reuters,

“The last two years have been an absolute nightmare of supply chain interruptions after another, and we’re not out of it yet,” Musk said.

Tesla’s extreme concern, he said, “how do we keep factories running so we can pay people and not go bankrupt?”

Musk said earlier this month He Had a “Super Bad Feeling” About the Economy And the company needs to cut staff by about 10% and “stop all hiring around the world.” Earlier this week, he said Tesla to cut 10% of salaried employees in three months,

Tesla began production earlier this year at factories in Berlin and Texas, both of which are Key to top electric carmaker’s growth ambitions,

Musk said he expects Tesla to start production Its Cybertruck Electric Pickup TruckWhich has been delayed to mid 2023.