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Thndr Claps » U.S. Claps » Nasdaq 🔔 » Tesla’s new plants losing “billions of dollars”🏭

Tesla’s new plants losing “billions of dollars”🏭

by Shams Abbas
June 23, 2022

The Clap
Tesla’s new plants in Germany & Texas are losing “billions of dollars”, according to Tesla CEO Elon Musk.

The Deets
Musk described operations in the Berlin & Austin plants as money being burnt, as the EV maker struggles to increase production.

Why this matters
Tesla, like many other companies, has been hit hard with a supply shortage for key components. Musk seems to be convinced that these shortages will improve soon, & described the past two years as a “nightmare” in terms of supply chain constraints.

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