Tesla’s brand new plants in Germany and Texas will eventually help the electric-car maker dramatically boost output but for now they’re “money furnaces” losing billions of dollars, according to CEO Elon Musk.
The mercurial entrepreneur made the comments in an interview with fans from the Tesla Owners Silicon Valley group that were recorded at the Austin Gigafactory on May 31 and posted to Twitter on Wednesday. The group previously posted two other segments of their extended chat with Musk this month.
“Both Berlin and Austin factories are gigantic money furnaces right now. It’s like a giant roaring sound, which is the sound of money
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