Musk Says Tesla ‘Losing Billions’, Trying Not to Go Bankrupt via /r/wallstreetbets #stocks #wallstreetbets #investing


Musk Says Tesla ‘Losing Billions’, Trying Not to Go Bankrupt

Elon Musk said electric carmaker Tesla is “losing billions of dollars” and trying not to “go bankrupt” because of China’s supply chain disruptions.

The Tesla chief executive said a shortage of batteries and machinery tools stuck in Chinese ports is taking a heavy toll on output and revenue, with the US and German factories most affected.

https://www.asiafinancial.com/musk-says-tesla-losing-billions-trying-not-to-go-bankrupt

Submitted June 23, 2022 at 11:38AM by Dramatic_Spell5708
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