Musk says Giga Berlin, Giga Texas are losing Tesla billions of dollars

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Musk says Giga Berlin, Giga Texas are losing Tesla billions of dollars
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Is this why Tesla needs to cut salaried jobs? 🔋

As the Tesla brand has grown in popularity, the company has worked to establish more factories to increase its production capacity and also ease the distribution of its cars in its biggest markets. Giga Berlin has been in the works since 2019, and the factory began production earlier this year with an estimated capacity to build 500,000 cars annually, in the future.

The company has struggled to ramp up production with these battery cells and, therefore, in April, decided to use its 2170 cells instead to keep up the production. However, the tooling required to bring this change into effect has been stuck in China, Musk said during the interview.

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