Elon Musk: Tesla factory near Berlin is a “money incinerator”

The new gigafactories in Austin and Grünheide are currently burning “billions of dollars” due to supply shortages. Major job cuts are also planned at Tesla.

According to Tesla CEO Elon Musk, the new Tesla factories are located in Grünheide near Berlin and Austin in the US state of Texas

“giant money incinerators”

and are currently losing

“Billions in US Dollars”.

Layoffs are also pending at Tesla.

In the near future, up to 500,000 cars a year are to be built in the Gigafactory in Brandenburg. Around 12,000 employees take care of the construction of the electric vehicles. However, as with so many companies, there are currently delivery bottlenecks.

“That Sound of Money Burning”


“It’s really like a gigantic roar, that sound of burning money.”

In the conversation with the Tesla Owners of Silicon Valley fan club, he called the past two years one with a view to the supply chain problems in the auto industry

“absolute nightmare”.

The Tesla boss warned:

“We’re not over it yet.”

It is now important to keep the company running so that the employees can continue to be paid and the group does not go bankrupt. In addition to the problems in the new Tesla factories in Grünheide and Austin, the plant in Shanghai in China has also caused headaches:

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

said Musk.

The interview with Elon Musk was conducted on May 31, 2022, but the part with the most recent statements has only now been published on the Internet.

Tesla plans job cuts

The Tesla CEO had repeatedly warned of an economic downturn and announced job cuts at Tesla. Tesla will cut 3 to 3.5 percent of its jobs in the next few months, Musk clarified on Tuesday after conflicting reports. For example, about every tenth job should be lost among employees, while the number of factory workers will increase in the long term.

You can read more about this in our article here:

Related Articles

Leave a Reply

Your email address will not be published.

Back to top button