Tesla’s Austin, Berlin automotive vegetation “shedding billions of {dollars}”

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Tesla’s new vegetation in Texas and Germany are “shedding billions of {dollars}” as the electrical carmaker struggles with manufacturing as a consequence of provide chain disruptions and battery shortages, Elon Musk mentioned in a printed interview. on Wednesday.

What he says: “Each the factories in Berlin and Austin are gigantic furnaces of cash proper now,” said musk within the interview with Tesla House owners of Silicon Valley, an official membership acknowledged by Tesla, recorded on Might 31. “It is actually like an enormous roar, which is the sound of cash on hearth.”

Why it issues: Musk instructed Bloomberg earlier this week that offer constraints are the largest risk to Tesla’s progress, as he confirmed job cuts of as much as 3.5%.

The panorama: Musk mentioned in his interview with Silicon Valley Tesla house owners that the pandemic-related shutdowns in China this yr had confirmed “very, very tough” for each the Tesla manufacturing facility in Shanghai and different vegetation elsewhere.

  • The Austin manufacturing facility, particularly, was “shedding some huge cash” dealing with challenges producing Tesla’s new 4680 batteries and “the instruments wanted” to make its standard 2170 batteries “are caught in China,” Musk mentioned.
  • “Overwhelmingly, our concern is how will we hold factories working so we are able to pay individuals and never go bankrupt?” he mentioned.
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Our thought bubble by way of Joann Muller of Axios: Musk has usually complained about how tough manufacturing is. Now, with the present financial scenario, they remind you as soon as once more.


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