It appears that all is not well at the factory.
In a just-released May 30th interview with the owners of the Silicon Valley fan club, billionaire Musk lamented that global supply chain issues and EV battery troubles are causing serious financial ramifications at both of the company's newly-built manufacturing facilities.
Musk said that the Berlin and Austin factories are huge money furnaces. It should be the sound of money on fire.
The future drive-in owner said that the company's money problems stem from a problem that industries worldwide have had to deal with. He said that the parts for the 2170 battery cells are stuck in Chinese ports and that the EV maker has to wait.
Building battery packs for the company's next- generation 4680 power cells is proving to be more difficult than expected. The founder says that the Gigafactories are bleeding cash as they fail to meet lofty production goals. It's fast.
The CEO said that the factory is losing money. We should be putting more cars from this factory than we are.
The alleged Dogecoin "grifter" was upset by the COVID-19 shutdowns and the worldwide Semiconductor shortage.
The latest additions to the Giga family have been celebrated with gusto by Musk. If the facilities can't make cars, they don't make money, and the company's recent round of layoffs shows that.
Musk has said that the factories in Berlin and Texas are "gigantic money furnace".
There is more on the condition of the car that he just bought.
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