Everything else is a very small thing basically.” Tesla Increases Capex Budget despite Musk Being Worried about a Recession Getting Berlin and Austin functional and getting Shanghai back in the saddle fully are overwhelmingly our concerns. Musk added, “Berlin and Austin are losing billions of dollars right now because there’s a ton of expense and hardly any output. Okay? It should be like a giant roaring sound which is the sound of money on fire.” In an interview with Tesla Owners Silicon Valley, which was recorded late last month, Musk said, “Both Berlin and Austin factories are gigantic money furnaces right now. Now, Musk has added to his long streak of about turns. Musk however called dogecoin a “hustle” and despite the Twitter poll, he did not accept the meme cryptocurrency as payment for Tesla cars. The world’s richest person then put his weight behind dogecoin and became the self-proclaimed dogefather. Musk had a heartbreak of sorts with bitcoins last year and he doubted their energy efficiency. It recorded a $170 million impairment charge on its bitcoin holdings but booked a gain of $64 million on the sale in the second quarter. In the second quarter of 2022, the Elon Musk-run company sold most of its bitcoins.
Soon, the company stopped accepting bitcoins as payments. In 2021, Tesla not only invested in bitcoins but also started to accept them as a currency to buy Tesla cars.
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