Tesla is on the brink of disaster according to Elon Musk

The info comes from Elon Musk himself – through a river interview given to the Tesla Owners Club in Silicon Valley. The interview was recorded on May 30, 2022, and covered the Gigafactory, the development of Fully Autonomous Driving (FSD), and other miscellaneous Tesla topics.

But the big thing to come out of this interview is that Tesla isn’t doing all that well right now. Invited to talk about the Austin Gigactory in Texas, Elon Musk admitted that “the factory is losing a crazy amount of money right now because we should be producing a lot more cars than we can afford”.

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In fact, Tesla is stricken by the difficulties gripping the global supply chain. In particular, Tesla lacks the tools necessary to manufacture the 2170 batteries used in most of the line. These tools would have remained blocked in China preventing Tesla from fully respecting its schedule.

The Austin Gigafactory would not be the only difficulty. Elon Musk also speaks of significant financial losses at the Gigafactory in Berlin: “Berlin is in a slightly better situation because this plant started production with models carrying the 2170 batteries and was not concerned by the risk of structural impact posed by the arrival of the 4680 batteries”.

And the entrepreneur adds: “Yet in both Berlin and Austin the factories are gigantic money incinerators right now. We would prefer a giant roar, which would be proof that the money is flowing. Berlin and Austin are losing billions of dollars right now because there are tons of expenses for virtually no return.”

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Faced with these difficulties, Elon Musk does not hesitate to raise the threat of bankruptcy. Of course, we must nevertheless take the statements of the entrepreneur with his two cents. This is indeed not the first time that Elon Musk has dramatized the situation – and it is likely that these difficulties will only be temporary, at least we hope so.

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