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.
FILE - Elon Musk speaks at the SATELLITE Conference and Exhibition March 9, 2020, in Washington. Musk will participate in a meeting with employees of Twitter on Thursday, June 16, 2022, as the billionaire and social media platform continue to try to push forward on their agreed-to $44 billion acquisition. Twitter confirmed on Tuesday that the meeting will take place, but did not provide any other details about it.
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.”tweeted congratulationsIn the interview, Musk said the tooling for its 2170 battery cells were stuck at port in China.
needed to run cars' computers compounded automakers' problems and sent prices for used and new cars skyrocketing.As the pandemic erupted in the U.S., automakers had to shut factories for eight weeks to help stop the virus from spreading. Some parts companies canceled orders for semiconductors. At the same time, demand for laptops, tablets and gaming consoles skyrocketed as people stuck at home upgraded their devices.
By the time auto production resumed, chip makers had shifted production to consumer goods, creating a shortage of weather-resistant automotive-grade chips.Copyright 2022 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission.
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