This week’s Current Climate, which every Saturday brings you the latest news about the business of sustainability. Sign up to get it in your inbox every week. Getty Images On Thursday, the Biden Admin...
Tag: Furnaces
Why Tesla’s ‘gigantic money furnaces’ in Berlin and Texas aren’t a concern for investors—yet
Just as the books begin to close on Tesla’s challenging second quarter, CEO Elon Musk has dropped what seems to be a neutron bomb on the market. The two new gigafactories in Germany and Texas are “gig...
Musk Calls Tesla’s Berlin, Austin Plants ‘Money Furnaces’ Amid Startup Snags
Tesla CEO Elon Musk speaks at the opening of Giga Texas in Austin on April 7, 2022. AFP via Getty Images) Tesla’s brand new plants in Germany and Texas will eventually help the electric-car maker dram...