• About Us
  • Contact Us
  • Cookie policy (EU)
  • Home
  • Privacy Policy
  • Video
  • Write for us
Today Headline
  • HOME
  • NEWS
    • POLITICS
    • News for today
    • Borisov news
  • FINANCE
    • Business
    • Insurance
  • Video
  • TECHNOLOGY
  • ENTERPRISE
  • LIFESTYLE
    • TRAVEL
    • HEALTH
    • ENTERTAINMENT
  • AUTOMOTIVE
  • SPORTS
  • Travel and Tourism
  • HOME
  • NEWS
    • POLITICS
    • News for today
    • Borisov news
  • FINANCE
    • Business
    • Insurance
  • Video
  • TECHNOLOGY
  • ENTERPRISE
  • LIFESTYLE
    • TRAVEL
    • HEALTH
    • ENTERTAINMENT
  • AUTOMOTIVE
  • SPORTS
  • Travel and Tourism
No Result
View All Result
TodayHeadline
No Result
View All Result

New Tesla factories “losing billions” Musk says

June 23, 2022
in Automotive
0
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter


TELSA-GIGAFACTORY-FDI

Tesla’s new car factories in Texas and Berlin are “losing billions of dollars” as they struggle to increase production because of a shortage of batteries and China port issues, chief executive has said in an interview.

“Both Berlin and Austin factories are gigantic money furnaces right now. Okay? It’s really like a giant roaring sound, which is the sound of money on fire,” Musk said in an interview with Tesla Owners of Silicon Valley, an official Tesla-recognized club, in Austin, Texas, on 31 May.

Reuters said the club divided its interview with Musk into three parts, the last of which was released on Wednesday.

Musk reportedly said Tesla’s Texas factory produces a “tiny” number of cars because of challenges in boosting production of its new 4680 batteries and as tools to make its conventional 2170 batteries are stuck in port in China”. “This is all going to get fixed real fast, but it requires a lot of attention,” he said.

He said the Berlin factory was in a “slightly better position” because it started with using the traditional 2170 batteries for cars built there.

According to Reuters, Musk also the COVID-19-related shutdowns in Shanghai “were very, very difficult”. The shutdown affected car production not only at Tesla’s Shanghai factory, but also at its California plant, which uses some vehicle parts made in China, he said.

Tesla plans to suspend most production at its Shanghai plant in the first two weeks of July to work on an upgrade of the site to boost output, according to an internal memo seen by Reuters.

“The past two years have been an absolute nightmare of supply chain interruptions, one thing after another, and we’re not out of it yet,” Musk said.

Tesla’s overwhelming concern, he reportedly said, is: “How do we keep the factories operating so we can pay people and not go bankrupt?”

Reuters noted Musk had said early this month he had a “super bad feeling” about the economy and that the company needed to cut staff by about 10% and “pause all hiring worldwide”. Earlier this week, he said a 10% cut in salaried staff at Tesla would occur over three months.

Musk said he expected Tesla would start production of its Cybertruck electric pickup trucks, which has been delayed, in mid-2023, according to Reuters.


Previous Post

The joys of a UK staycation motorhome adventure (no airports required!)

Next Post

Russian Commodities Traders Rush to Dubai After Fleeing Switzerland

Related Posts

BMW finally axes long running EV
Automotive

BMW finally axes long running EV

BMW Group's Leipzig, eastern Germany...

Read more
Could battery swapping replace EV charging?
Automotive

Could battery swapping replace EV charging?

The advent of EVs with...

Read more
Why the FTC is issuing car dealer rules now
Automotive

Why the FTC is issuing car dealer rules now

In the wake of the...

Read more
Win a modernized Shelby Cobra ‘replica’ from Superformance
Automotive

Win a modernized Shelby Cobra ‘replica’ from Superformance

Autoblog may receive a share...

Read more
Brose names new operations chief
Automotive

Brose names new operations chief

Stefan Krug is managing Brose...

Read more
Load More
Next Post

Russian Commodities Traders Rush to Dubai After Fleeing Switzerland

  • Trending
  • Comments
  • Latest
Model Christy Giles found dead on footpath after night out in LA

Model Christy Giles found dead on footpath after night out in LA

‘RHOBH’ Star Stormed Out of Kyle Richards’ House After ‘Big Fight’

‘RHOBH’ Star Stormed Out of Kyle Richards’ House After ‘Big Fight’

Ex-porn star Lana Rhoades flaunts 2.5st weight loss two weeks after giving birth

Ex-porn star Lana Rhoades flaunts 2.5st weight loss two weeks after giving birth

Six times actors really romped in sex scenes that make 365 DNI look tame

Six times actors really romped in sex scenes that make 365 DNI look tame

Repetitive Dog Names – Easy Two Syllable Names for Your Dog to Learn!

Repetitive Dog Names – Easy Two Syllable Names for Your Dog to Learn!

Impact of state abortion bans after Roe v. Wade is overturned

Hayden Panettiere reveals past battle with addiction

Hayden Panettiere reveals past battle with addiction

BlackBerry Between Harsh Reality And Mirages (NYSE:BB)

BlackBerry Between Harsh Reality And Mirages (NYSE:BB)

About Us

Todayheadline the independent news and topics discovery
A home-grown and independent news and topic aggregation . displays breaking news linking to news websites all around the world.

Follow Us

Latest News

Repetitive Dog Names – Easy Two Syllable Names for Your Dog to Learn!

Repetitive Dog Names – Easy Two Syllable Names for Your Dog to Learn!

Impact of state abortion bans after Roe v. Wade is overturned

Repetitive Dog Names – Easy Two Syllable Names for Your Dog to Learn!

Repetitive Dog Names – Easy Two Syllable Names for Your Dog to Learn!

Impact of state abortion bans after Roe v. Wade is overturned

Hayden Panettiere reveals past battle with addiction

Hayden Panettiere reveals past battle with addiction

  • Real Estate
  • Education
  • Parenting
  • Cooking
  • NFL Games On TV Today
  • Travel and Tourism
  • Home & Garden
  • Pets
  • Privacy & Policy
  • Contact
  • About

© 2021 All rights are reserved Todayheadline

No Result
View All Result
  • Real Estate
  • Education
  • Parenting
  • Cooking
  • NFL Games On TV Today
  • Travel and Tourism
  • Home & Garden
  • Pets
  • Privacy & Policy
  • Contact
  • About

© 2021 All rights are reserved Todayheadline

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

Posting....