Musk Cites Tesla Bankruptcy Fears, Wants You to Know Something Big

Elon Musk wants to share some good news.

The Tesla (TSLA) – Get Tesla Inc. Report CEO has been facing some challenges lately, including layoffs, lawsuits as a result of the layoffs and, according to the world’s richest man himself, concerns about bankruptcy.

Musk said the electric vehicle maker faces billions of dollars in losses from its new plants, supply chain problems and covid lockdowns, CNN reported on June 23.

“The past two years have been an absolute nightmare of supply chain interruptions, one thing after another,” Musk said, according to CNN, which cited an interview with a Tesla owners group recorded last month and posted recently. “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.”


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