“Elon Musk says Tesla’s car factories are ‘gigantic money furnaces’”
June 23, 2022
“Tesla CEO Elon Musk said his electric-car factories are “losing billions of dollars” as global supply-chain disruptions and challenges in battery manufacturing constrain the company’s ability to scale up production….
New factories in Berlin and Austin — where Tesla moved its headquarters in December — “are gigantic money furnaces right now,” Musk told members of a club of Silicon Valley Tesla owners in Austin on May 30, according to a video of the interview published Wednesday…
But those factories are producing a “puny” number of vehicles due to shortages of batteries and global supply-chain bottlenecks, with crucial parts stuck in ports in China, Musk said. “It has required all of our attention just to keep the factories going” in the face of “severe” disruptions, he told the Tesla fans in Austin…”
This is a opportunity for Elon musk. Instead of relying on others for parts in the global supply chain he should be looking to create and distribute all the parts for his cars himself. It’s not like he can’t do it. He’s a billionaire. He wouldn’t have battery shortages if he made them himself and had access to the metal to make it. Buy a mining company, collect your own metal, and make your own batteries. Problem solved.