Elon Musk says Tesla’s new factories are ‘gigantic money furnaces’ that are losing billions of dollars from EV-battery shortages and supply-chain snags

Elon Musk

Yasin Ozturk/Anadolu Agency via Getty Images

  • Musk said Tesla was losing billions of dollars at its new factories because of supply-chain snags.

  • The CEO has complained about supply-chain shortages in the past.

  • Musk is one of many auto executives who have said shortages may further hurt the industry.

Elon Musk said during a recent interview that electric-car-battery shortages and supply-chain snags were costing Tesla billions of dollars.

“Both Berlin and Austin factories are gigantic money furnaces…

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