Sean O'Kane

Model Y electric vehicles stand on a conveyor belt at the opening of the Tesla factory in Berlin Brandenburg in Gruenheide, Germany, Tuesday, March 22, 2022. The first European factory in Gruenheide, designed for 500,000 vehicles per year, is an important pillar of Tesla’s future strategy. (Patrick Pleul/Pool via AP) DMME153

June 22, 2022 at 4:29 pm

Elon Musk says new Tesla plants are ‘money furnaces’ losing billions

Elon Musk said Tesla's new plants in Germany and Texas are losing "billions of dollars" as the electric-vehicle maker tries to ramp up production.

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