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

Times of India LogoTimes of India1w ago

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

Quick Summary

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.

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

Tesla's overwhelming concern, he said, is "How do we keep the factories operating so we can pay people and not go bankrupt?


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Article Details

Author / Journalist: Reuters

Category: Economy

Topics: Musk tesla Tesla loss Elon Musk Tesla Tesla car factory Elon musk

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-06-23, 17:28:59

News Timezone: GMT +5:00

News Source URL: timesofindia.indiatimes.com

Language: English

Reading Time: 3 minutes read

Article Length: 444 words

Coverage Area: India

Availability: Desktop Web, Mobile Web

News ID: 5673

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About Times of India

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Main Topics: Economy

Official Website: timesofindia.indiatimes.com

Update Frequency: 8 posts per day

Year Established: 1838

Headquarters: India

News Last Updated: 2h ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +5:00

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Publisher ID: #28

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