Volkswagen CEO Matthias Müller attacked Tesla CEO Elon Musk for making big announcements while his actual car business suffers.

Tesla recently fired hundreds of workers as the company struggles to ramp up production for the Model 3.

Volkswagen CEO Matthias Müller attacked Tesla for burning through cash at an unprecedented rate and firing its workforce.

Muller made his comments while sitting on a panel about the future of the automotive industry.

The comments were first reported by the Daily Kanban, which we spotted through Ars Technica.

"If I am correctly informed, Tesla each quarter destroys millions of dollars in the three digits, and it willy-nilly fires its workers," Muller said, as translated from German by the Daily Kanban.

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