″Gigantic Furnaces of Money″: Elon Musk Says New Tesla Factories in Berlin and Texas Lose ″Billions″ | NEWS | D.W.

Tesla’s new electric car factories in Grünheide, near Berlin, and in Austin, in the US state of Texas, are currently losing “billions of dollars”, according to the company’s CEO, Elon Musk. Musk described the sites as “giant furnaces for burning money” in a video interview published last week. In the interview with the Tesla Owners … Read more

Volkswagen CEO Diess warns that cutting off power supplies to car factories will be a risk

„Volkswagen AG“ General Manager Herbert Diess warned that the disconnection from Russian energy was not happening fast enough to protect the German carmaker from a sudden disruption in natural gas supplies. VW will continue to be able to run its power plants on coal instead of gas, as Germany remains dependent on Russian imports, Diess … Read more

Tesla’s factories in Austin and Berlin? Money holes, says Musk

Two Tesla factories on two continents started operations this year with great pomp, confetti flew through the air and Elon Musek’s bright smiles did not end. And cut. A few months later, the head of the carmaker and the richest man on the planet declare that the factories in Austin and Berlin are just gigantic … Read more

Furnaces for money. Tesla’s new factories are making billions, Musk admitted

The plants are “making billions of dollars right now.” It’s a ton of cost and almost no production, “Musk complained in an interview with the acclaimed Tesla Owners Club in Silicon Valley. “The factories in Berlin and Austin are gigantic money kilns right now. It’s like a giant crash, which is the sound of burning … Read more

Oil Palm Farmers Shout, Prices Drop & Hundreds of Factories Open and Close

Jakarta, CNBC Indonesia – Oil palm farmers shouted again asking President Joko Widodo (Jokowi) to review policies related to palm oil in the country. The reason is, the policy is considered like a simalakama that suppresses oil palm farmers. According to the DPP Chairperson of the Indonesian Oil Palm Farmers Association (APKASINDO) Gulat ME Manurung, … Read more

Elon Musk: “New factories in Berlin and Austin are burning billions of dollars”

Elon Musk returns to issue warnings on the operational activities of the Tesla. In particular, the CEO and major shareholder of the US manufacturer put the performance of the last two factories open to the index Grünheideat the gates of Berlin, and ad Austinin Texas, pointing out that, at the moment, they are “losing billions … Read more

Tesla: Musk reveals the reasons for losing billions of dollars in some of its factories

Annabelle Liang Business Correspondent 23 June 2022 photo released, Reuters US billionaire Elon Musk said Tesla’s new factories in Germany and the United States are “losing billions of dollars” due to battery shortages and supply disruptions in China. Musk described the company’s factories in Berlin and Austin, Texas, as “giant money-burning furnaces.” The shutdowns due … Read more

Ikea sells factories in Russia

“Unfortunately, circumstances have not improved and the devastating war continues. Companies and supply chains all over the world have been hit hard and we do not see that it is possible to resume operations for the foreseeable future, ”the company writes in a press release. Ikea department stores in Russia will continue to be closed. … Read more

will build a local battery supply chain, four major factories will come to the table and will play an important role | Anue Juheng-Taiwan Stock News

Hon Hai (2317-TW) Today (15), the ground breaking ceremony of the battery cell R&D and trial production center was held. Chairman Liu Yangwei said that Hon Hai will combine upstream materials, midstream cells, and downstream modules to build a local battery supply chain. millet (3691-TW)/ charcoal (6555-TW) General Manager Huang Wenrui, China Carbon (1723-TW) Vice … Read more

Ford has announced new $ 3.7 billion. USD investment in US factories Business

Founded 119 years ago, the carmaker plans to spend $ 3.7 billion. To increase production capacity for electric vehicles and conventional gasoline-powered cars in Michigan, Ohio, and Missouri, mostly at existing plants. Last September, the manufacturer announced about $ 11.4 billion. USD investment in the construction of car and battery plants in Tennessee and Kentucky … Read more