Elon Musk says he's worried about keeping Tesla out of bankruptcy

Business June 23, 2022 News
Elon Musk says he's worried about keeping Tesla out of bankruptcy

From CNN | Business by Chris Isidore, CNN

Tesla faces billions of dollars in losses from its new plants, supply chain problems and Covid lockdowns — enough for CEO Elon Musk to mention the possibility of bankruptcy in a recent interview.

"The past two years have been an absolute nightmare of supply chain interruptions, one thing after another," Musk said in an interview with a Tesla owners group. "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."

One of Tesla's harshest critics thinks that the company is facing greater financial problems than most analysts realize.

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