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

The Straits Times LogoThe Straits Times1w ago

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

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June 23, 2022 8:08 AMMush said the factories are struggling to increase production because of a shortage of batteries and China port issues.

Morgan Stanley analyst Adam Jonas on Wednesday cited the China disruptions in part as he lowered his price target on the automaker to US$1,200 a share from US$1,300.

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

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Article Details

Category: Economy

Topics: Tesla Production China First Berlin Wednesday Factory Factories Batteries Texas Musk

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-06-23, 08:08:08

News Timezone: GMT +8:00

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Language: English

Reading Time: 4 minutes read

Article Length: 601 words

Coverage Area: Singapore

Availability: Desktop Web, Mobile Web

News ID: 4853

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