Reuters Musk says Tesla's new car factories 'losing billions of dollars'

[Yo_Mama_Been_Loggin]

By Hyunjoo Jin

SAN FRANCISCO (Reuters) -Tesla Inc's new car factories in Texas and Berlin are "losing billions of dollars" as they struggle to increase production because of a shortage of batteries and China port issues, Chief Executive Elon Musk said in an interview published on Wednesday.

"Both Berlin and Austin factories are gigantic money furnaces right now. Okay? It's really like a giant roaring sound, which is the sound of money on fire," Musk said in an interview with Tesla Owners of Silicon Valley, an official Tesla-recognized club, in Austin, Texas, on May 31.

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

Musk said Tesla's Texas factory produces a "tiny" number of cars because of challenges in boosting production of its new "4680" batteries and as tools to make its conventional 2170 batteries are "stuck in port in China." "This is all going to get fixed real fast, but it requires a lot of attention," he said.

https://finance.yahoo.com/news/musk-says-teslas-car-factories-185317108.html

[StarryNite]

1. Oh, well.

[UTUSN]

2. AWwwRI

[Lovie777]

3. No Tesla for me ....

[BootinUp]

4. See the capitalist boast, see the capitalist cry. Nt

[dalton99a]

5. NEXT: Elon Musk asks for federal subsidies, bailouts.

[PortTack]

6. Awhhh so sad 😞

[tinrobot]

7. Musk is probably trying to tank the stock so he can buy more at a discount.

It's a pattern...

[BSdetect]

8. Reuters has been called out on it's lousy reporting.

If you believe all the crap they publish you are not paying close attention.

You are being fed FUD re Musk and Tesla.

Watch this video if you want some actual info:

[harumph]

9. tools to make its conventional 2170 batteries are "stuck in port in China."

So, the tools to make the 2170 batteries are Chinese made. We couldn't possibly
make the tools ourselves. This is only going to get worse, and it's not only
a Tesla problem.