CEO Elon Musk says new Tesla plants are ‘money furnaces’losing billions - Hindustan Times

Musk also said in the May 31 interview that Tesla has struggled to quickly increase production in Austin of Model Y SUVs that use the company’s new 4680 cells and structurally integrated battery pack.

Elon Musk said Tesla Inc.s new plants in Germany and Texas are losing billions of dollars as the electric-vehicle maker tries to ramp up production. Both Berlin and Austin factories are gigantic mon… [+2858 chars]

full article...