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Reading: Musk Calls Tesla’s New Factories ‘Gigantic Money Furnaces’
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The Wall Street Publication > Blog > Tech > Musk Calls Tesla’s New Factories ‘Gigantic Money Furnaces’
Tech

Musk Calls Tesla’s New Factories ‘Gigantic Money Furnaces’

Editorial Board Published June 22, 2022
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Musk Calls Tesla’s New Factories ‘Gigantic Money Furnaces’
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Tesla two newest car factories have been losing billions of dollars as supply-chain disruptions and battery-cell manufacturing challenges limit the company’s ability to increase production, Elon Musk said in a recent interview.

The company’s plants in Germany and Texas, which opened earlier this year, are “gigantic money furnaces,” the Tesla chief executive said in a May 30 interview with a Tesla owners’ club that was released Wednesday.

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