'This factory is losing insane money right now.' Tesla CEO Elon Musk says his newly opened electric vehicle factory in Eastern Travis County is 'losing billions of dollars' as a result of supply-chain-related issues. | England_Weber
, opened earlier this year after the electric automaker relocated its headquarters to Austin. Tesla opened another factory in Berlin in October.to one of Tesla's largest battery producers, instituted a near-total lockdown as a result of a coronavirus surge this spring."Both Berlin and Austin are like gigantic money furnaces right now," he told the group of Silicon Valley-based Tesla owners.
Musk said the company's top priority is getting"Shanghai back in the saddle" and getting more cars off the line at both factories. Earlier this week, Musk said Tesla would likely lay off 10% of the company's salaried employees this year to make up for missed growth projections.
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