TECHNOLOGY

WATCH: Elon Musk says Tesla's factories are losing billions

He says its due to the ongoing supply chain crisis which was impacted by Covid lockdowns.

In Summary

•He says its due to the ongoing supply chain crisis which was impacted by Covid lockdowns.

•Gizmodo reports that 'Elon Musk Unfiltered,' a 3-part interview, was uploaded to YouTube on June 22.

In a recent interview, Tesla CEO Elon Musk said that the company's factories in Germany and Texas are losing "billions of dollars".

"Both Berlin and Austin factories are gigantic money furnaces right now.

It's really like a giant roaring sound, which is the sound of money on fire." Elon Musk, via 'Elon Musk Unfiltered' interview, as reported by Gizmodo.

Gizmodo reports that 'Elon Musk Unfiltered,' a 3-part interview, was uploaded to YouTube on June 22.

Musk claims the Tesla factories are losing money due to the ongoing supply chain crisis, while Tesla's Shanghai "Gigafactory" was impacted by strict COVID lockdowns.