Elon Musk says new Tesla factories are 'money furnaces' that are 'losing billions of dollars'

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Elon Musk says new Tesla factories are 'money furnaces' that are 'losing billions of dollars'
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The Austin factory is 'losing insane money' as it faces battery challenges, he said.

The Austin factory in particular was "losing insane money" as it faced challenges producing Tesla's new 4680 batteries and "the tooling necessary" for making its conventional 2170 batteries "is stuck in China," Musk said.

"Overwhelmingly our concern is, how do we keep the factories operating so we can pay people and not go bankrupt?" he said.: Musk has often complained about how hard manufacturing is. Now, with the current economic situation, he's being reminded yet again.

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