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Over the past few months, we’ve seen how Elon Musk and Tesla Motors went through some tough times of friction amid the aftermath of the onset of the pandemic.
Government-imposed regulations where factories exist, the global economy and altered workflows have come to blast the automaker’s performance, exploding a wave massive layoffs.
Here we have the clear case with the Cybertruck, the company’s first electric truck which is already years behind and to date there is no absolute certainty that it will arrive on the market on the last promised date. .
However, Elon Musk spoke on the subject to confirm what many analysts already estimated: the maintenance in activity of the new factories of Tesla Motors represents a point of considerable flight of capital and this has complicated the finances of the firm.
Elon Musk complains about new Tesla Motors factories
A news agency report Reuters reveals that in late May 2022, Musk participated in an interview with Tesla Owners Silicon Valley, an official club of owners, where he spoke directly about the economic issues of his new facilities in Texas and Berlin:
“The factories in Berlin and Austin are gigantic furnaces burning money right now. Okay? It’s really like a gigantic crackle, the sound of burning money.”
According to the leader himself, the manufacturing facilities of his cars would generate “losses of billions of dollars” as they try to increase production by fighting against various adverse factors.
All this mess, to a large extent, could be seen as being due to specific issues such as the shortage of batteries for its cars, as well as other electrical components, as well as China’s port problems which are delaying the flow of ‘supply.
There are a number of current difficulties in improving the production of its new 4680 batteries. At the same time, the materials and tools to manufacture conventional 2170 batteries are “stranded in port in China”.
The sum of these two factors alone would keep the factories at a very low level of capacity, which would generate losses for the company.
Recall that these statements were made a month ago, before the start of the massive layoffs within Tesla.
So now we explain more clearly why this happened.
Source metroecuador.com