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

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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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Author / Journalist: Reuters

Category: Economy

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

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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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