Tesla's new factories are 'gigantic money furnaces,' Elon Musk says

Tesla’s two newest car factories are “gigantic money furnaces,' burning billions of dollars, Elon Musk says.

Tesla Inc.’s two newest car factories have been losing billions of dollars as supply-chain disruptions and battery-cell manufacturing challenges limit the company’s ability to increase production, Elon Musk said in a recent interview.

“Overwhelmingly our concern is, how do we keep the factories operating so we can pay people and not go bankrupt?” Musk said in the interview. He added that he expected Tesla to resolve these problems quickly.

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