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Jun 25, 2022

Tesla’s CEO Elon Musk promises a fast fix for ‘money furnace’ Tesla factories

Posted by in categories: economics, Elon Musk, sustainability, transportation

Tesla CEO Elon Musk described the electric automaker’s factories in Austin and Berlin as “money furnaces” that were losing billions of dollars because supply chain breakdowns were limiting the number of cars they can produce.

In a May 30 interview with a Tesla owners club that was just released this week, Musk said that getting the Berlin and Austin plants functional “are overwhelmingly our concerns. Everything else is a very small thing,” Musk said, but added that “it’s all gonna get fixed real fast.”

It’s not clear how much has changed in the three weeks since the interview, but last week Musk tweeted congratulations to his Berlin team for producing 1,000 cars in a week.

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