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

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SAN FRANCISCO: 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 (Jun 22).

Earlier this week, he said a 10 per cent cut in salaried staff at Tesla will occur over three months.

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

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Category: Business

Topics: China Musk Production Factory Mediacorp Factories Tesla Austin Berlin Texas Batteries

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-06-23, 02:53:00

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Reading Time: 3 minutes read

Article Length: 516 words

Coverage Area: Singapore

Availability: Desktop Web, Mobile Web

News ID: 5052

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