Tesla's Money Furnace

Quote:

Musk Says Tesla's Factories In Berlin And Texas Are 'Gigantic Money Furnaces' Tesla's newest car factories in Texas and Berlin are losing "billions of dollars right now" as supply chain disruptions hamper the electric vehicle giant's ability to ramp up production, chief executive Elon Musk said in an interview published this week. "Both Berlin and Austin factories are gigantic money furnaces right now. OK? It should be like a giant roaring sound which is the sound of money on fire," Musk said in the interview with Tesla Owners Silicon Valley, which was recorded on May 30 and published Wednesday. "Berlin and Austin are losing billions of dollars right now because there's a ton of expense and hardly any output. Getting Berlin and Austin functional and getting Shanghai back in the saddle fully are overwhelmingly our concerns. Everything else is a very small thing basically."

Oh, I thought he was talking about crypto. Never mind...

via International Skeptics Forum https://ift.tt/IoWQScj