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Musk says new Tesla plants are ‘money furnaces’ losing billions

Jun 24, 2022

On June 22, Tesla CEO Elon Musk said its new Gigafactory Berlin and Gigafatory Texas plants are losing “billions of dollars” as the electric-vehicle maker tries to ramp up production.
“Both Berlin and Austin factories are gigantic money furnaces right now,” Musk said to the Tesla Owners of Silicon Valley.
Tesla’s str....

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