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InsideEVs
InsideEVs
Technology
Dan Mihalascu

Musk Says Berlin and Austin Plants Are "Gigantic Money Furnaces"

Tesla CEO Elon Musk says the company's newest car factories in Austin and Berlin are "losing billions of dollars" at the moment as they require massive expenses to operate but have hardly any output due to a shortage of batteries and China port issues.

"Both Berlin and Austin factories are gigantic money furnaces right now. Okay? It's really like a giant roaring sound, which is the sound of money on fire."

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