Elon Musk says he fears Tesla bankruptcy.
Tesla is facing billions of dollars in losses from its new plants, supply chain problems and closures due to COVID-19.
These were enough for the CEO of the company, Elon Musk, in a recent interview to mention the possibility of bankruptcy.
“The last two years have been a nightmare of supply chain disruptions, problem after problem,” Elon Musk said in an interview with a group of Tesla car owners.
“We are not done yet. “But keeping factories open so that we can pay workers and not go bankrupt is a big concern for us.”
Musk may have done hyperbole during the interview, and that may have been the part where he mentioned the risk of bankruptcy.
For example, he said that carmakers generally “want to go bankrupt”, which falls into the category of “harsh language” and not in financial analysis.
But the company is coming to the end of its most difficult quarter in the last two years, this talking about financially.
The Tesla plant in Shanghai was closed for two weeks due to the blocking of this city by the COVID-19 alarm.
During the interview, Musk said that the two companies that Tesla opened during the quarter in Germany and Texas, are costing the company billions of dollars in losses because supply chain problems have so far limited these two factories to low production.