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Benzinga
Benzinga
Technology
Rachit Vats

Elon Musk Says 2 Tesla Giga Factories Are Losing Billions With 'Hardly Any Output'

Tesla Inc (NASDAQ: TSLA) CEO Elon Musk said two of its recently opened manufacturing plants in Austin and Berlin are losing “billions of dollars” with “tonnes of expenses and hardly any output.”

What Happened: The billionaire entrepreneur revealed that Tesla’s immediate priority is to get Giga Berlin and Giga Texas functional, and Giga Shanghai fully back up after a month-long shutdown in China. 

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