Elon Musk says he's worried about keeping Tesla out of bankruptcy
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."
Musk engaged in hyperbole elsewhere in the interview, and he may have been doing so when mentioning the risk of bankruptcy. For example, he said that automakers in general "desperately want to go bankrupt," which falls in the category of colorful language rather than strict financial analysis.
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