While other automakers struggle to ramp up production, $TSLA CEO Elon Musk says that his factories are "gigantic money furnaces".

It's unusual for an automaker to say this as demand for electric vehicles is surging. Tesla has built more factories and yet it seems like it has more production capacity than demand.

While $RIVN $LCID $F $GM and other automakers producing electric vehicles seem to need to build more factories to meet the demand, $TSLA is seeing that it needs to scale back operations.

The competition looks to be beating Tesla.

Source: https://techcrunch.com/2022/06/23/want-an-ev-you-may-have-to-wait/