HomeAbout

TL;DR CNBC


Musk says Tesla's factories in Berlin and Texas are 'gigantic money furnaces' - TL;DR CNBC

Musk says Tesla's factories in Berlin and Texas are 'gigantic money furnaces'

Publishing timestamp: 2022-06-23 10:21:45


Summary

Tesla's factories in Texas and Berlin are facing supply chain disruptions, causing them to lose billions of dollars. CEO Elon Musk expressed concerns about the difficulties in ramping up production due to tools being stuck in ports in China and the resurgence of Covid leading to lockdowns. Despite these challenges, Tesla is still aiming to produce 1.5 million cars this year.


Sentiment: MIXED

Tickers: TSLA

Keywords: electric vehiclestesla incelon muskautosenvironmentberlinautomobile manufacturingtechnologytransportationbusiness news

Source: https://www.cnbc.com/2022/06/23/musk-says-tesla-berlin-and-austin-factories-losing-billions-of-dollars.html


Developed by Leo Phan