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23 June 2022 1:42 p.m

Tesla boss Elon Musk sees the US automaker’s new electric car plants in Grünheide near Berlin and Austin in the US state of Texas as “gigantic money incinerators”. According to the US entrepreneur, it is now a matter of keeping the business running.

Source: © Patrick Pleul / dpa

US entrepreneur Elon Musk announced in a video interview published on Wednesday that the new electric car factories of his Tesla group in Grünheide near Berlin and Austin in the US state of Texas are currently losing “billions of US dollars”. Musk described the sites as “gigantic money incinerators.” In the conversation with the fan club Tesla Owners of Silicon Valley He called the past two years an “absolute nightmare” with regard to the supply chain problems in the auto industry. The Tesla boss warned that the company was not out of the woods yet.

Musk explained that it is now a matter of keeping the company running so that the employees continue to be paid and the group does not go bankrupt. While high start-up costs and losses at new factories like Grünheide and Austin are relatively normal in the start-up phase when production is ramped up, Tesla also faced challenges with its Shanghai plant.

“The COVID shutdowns in China have been very, very difficult to say the least.”

The interview was conducted on May 31st, but the part with the statements made was only recently broadcast on the Internet.

Musk had repeatedly warned of an economic downturn and announced job losses at Tesla. The electric car maker will cut up to 3.5 percent of its jobs in the coming months, Musk clarified on Tuesday after conflicting reports. About every tenth job among white-collar workers is to be lost, while the number of factory workers will increase in the long term. At the beginning of the year, Tesla had almost 100,000 employees.

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J. A. Allen

Author, blogger, freelance writer. Hater of spiders. Drinker of wine. Mother of hellions.

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