Saturday, August 20, 2022
  • Login
CEO North America
  • Home
  • Business
    • Entrepreneur
    • Industry
    • Innovation
    • Management & Leadership
  • CEO Interviews
  • CEO Life
    • Art & Culture
    • Food
    • Health
    • Travel
    • Environment
  • Opinion
  • News
  • Multimedia
No Result
View All Result
  • Home
  • Business
    • Entrepreneur
    • Industry
    • Innovation
    • Management & Leadership
  • CEO Interviews
  • CEO Life
    • Art & Culture
    • Food
    • Health
    • Travel
    • Environment
  • Opinion
  • News
  • Multimedia
No Result
View All Result
CEO North America
No Result
View All Result

Elon Musk is Worried About Tesla’s Possible Bankruptcy

in News
Tesla loses spot on s&p 500 esg index
Share on FacebookShare on Twitter

Supply chain problems and recent Covid lockdowns in China are pushing Tesla to a possible bankruptcy, Elon Musk said.

“The past two years have been an absolute nightmare of supply chain interruptions, one thing after another,” Musk said in a video interview with Tesla Owners of Silicon Valley recorded May 31, but released on Wednesday. “We’re not out of it yet. That’s overwhelmingly our concern is how do we keep the factories operating so we can pay people and not go bankrupt.”

The electric vehicle manufacturer’s CEO said the same problems reaches across the whole industry, since other automakers desperately want to go bankrupt.

Tesla’s factory in Shanghai was shut down for weeks after Covid lockdowns hit the city earlier this year.

In the interview, Musk also said that the two factories Tesla opened in the quarter, in Germany and Texas, are costing the company billions of dollars.

“Both Berlin and Austin factories are gigantic money furnaces right now. Are losing billions of dollars.”

In recent weeks Musk ordered Tesla workers to go back to the office or find a new job, he also announced layoffs in the company to secure better finances and more recently he increased all Tesla’s model prices.

Tags: Elon MuskTesla

Related Posts

Gm sales drop 15% as unfinished cars hit quarterly results
News

GM restores quarterly dividend after more than two years

Foot locker names mary dillon as next ceo, dick johnson to retire
News

Foot Locker names Mary Dillon as next CEO, Dick Johnson to retire

Bed bath & beyond replaces ceo mark tritton
News

Bed Bath & Beyond shares sink 40% after Ryan Cohen completes sale

Amazon accuses ftc of harassing jeff bezos and ceo andy jassy
News

Amazon accuses FTC of harassing Jeff Bezos and CEO Andy Jassy

U. S. Existing homes sales fell 3. 4% in may
News

U.S. existing home sales fall for sixth straight month

U. S. Streaming overtakes cable tv viewing for the first time
News

U.S. streaming overtakes cable TV viewing for the first time

Retail apocalypse: four ways physical stores can survive
News

Retail sales flat in July amid fall in gas prices

Elon musk tweets he’s buying manchester united, then calls it a joke
News

Elon Musk tweets he’s buying Manchester United, then calls it a joke

Target profit plunges 90% as it sells off unwanted inventory
News

Target profit plunges 90% as it sells off unwanted inventory

American airlines buys 20 boom planes, bets on supersonic travel
News

American Airlines buys 20 Boom planes, bets on supersonic travel

No Result
View All Result

Recent Posts

  • Embracing a Digital Approach / Harvard Business School
  • Why reporting workplace well-being metrics is a good idea
  • GM restores quarterly dividend after more than two years
  • Foot Locker names Mary Dillon as next CEO, Dick Johnson to retire
  • Bed Bath & Beyond shares sink 40% after Ryan Cohen completes sale

Recent Comments

    Archives

    Categories

    • Art & Culture
    • Business
    • CEO Interviews
    • CEO Life
    • Editor´s Choice
    • Entrepreneur
    • Environment
    • Food
    • Health
    • Highlights
    • Industry
    • Innovation
    • Issues
    • Management & Leadership
    • Multimedia
    • News
    • Opinion
    • PrimeZone
    • Printed Version
    • Travel
    • Uncategorized

    Meta

    • Log in
    • Entries feed
    • Comments feed
    • WordPress.org

    CEO Latin America | ES

    • CONTACT
    • GENERAL ENQUIRIES
    • ADVERTISING
    • MEDIA KIT
    • DIRECTORY
    • TERMS AND CONDITIONS

    Editorials – george.hatfield@ceo-na.com
    Editor-in-Chief - paul.imison@ceo-na.com
    Advertising – media@ceo-na.com

    AUSTIN

    600, Congress Avenue
    14th Floor
    Austin, TX.
    78701
    USA
    +1 512 649 0340

    NEW YORK

    110 Wall St.,
    3rd Floor
    New York, NY.
    10005
    USA
    +1 212 432 5800

    CEO Latin America | ES

    • CONTACT
    • GENERAL ENQUIRIES
    • ADVERTISING
    • MEDIA KIT
    • DIRECTORY
    • TERMS AND CONDITIONS

    Editorials –
    george.hatfield@ceo-na.com
    Editor-in-Chief -
    paul.imison@ceo-na.com
    Advertising –
    media@ceo-na.com

    AUSTIN

    600, Congress Avenue
    14th Floor
    Austin, TX.
    78701
    USA
    +1 512 649 0340

    NEW YORK

    110 Wall St.,
    3rd Floor
    New York, NY.
    10005
    USA
    +1 212 432 5800

    CEO North America © 2022 - Sitemap

    No Result
    View All Result
    • Home
    • Business
      • Entrepreneur
      • Industry
      • Innovation
      • Management & Leadership
    • CEO Interviews
    • CEO Life
      • Art & Culture
      • Food
      • Health
      • Travel
      • Environment
    • Opinion
    • News
    • Multimedia

    © 2022 JNews - Premium WordPress news & magazine theme by Jegtheme.

    Welcome Back!

    Login to your account below

    Forgotten Password?

    Retrieve your password

    Please enter your username or email address to reset your password.

    Log In
    Are you sure want to unlock this post?
    Unlock left : 0
    Are you sure want to cancel subscription?