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

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Reuters UK

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 recently. “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 Silicon Valley, an official Tesla recognized club, in Austin, Texas, on May 31. The club divided its interview with Musk into three part…

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