Tesla Charger Network: Elon Musk says Tesla will spend over $500 million on charging community, days after layoffs


NEW DELHI: CEO of Tesla, Elon Musk, on Friday introduced that the corporate plans to speculate over $500 million this yr to put in new superchargers. This announcement comes simply days after reviews surfaced about layoffs inside this department of the corporate.
In a submit on X, Musk wrote, “Just to reiterate: Tesla will spend well over $500M expanding our Supercharger network to create thousands of NEW chargers this year.”
“That’s just on new sites and expansions, not counting operations costs, which are much higher,” he added.

According to a report by The Information on Monday, Tesla was within the strategy of disbanding its supercharger division, ensuing within the layoff of most of its 500 workers, together with the senior director.
This information raised considerations relating to the long run growth of Tesla’s huge community of over 50,000 quick chargers, which is at the moment the biggest on this planet, in response to Tesla these chargers can add 320 kilometers of vary in simply fifteen minutes.
The concern of insufficient charging infrastructure is without doubt one of the explanation why gross sales of electrical autos are progressing much less quickly than anticipated within the United States. Tesla’s well-established community was seen as key to reassuring prospects.
In the spring of 2023, a number of opponents, together with Ford, General Motors, and Rivian, shaped partnerships with Tesla to permit their autos to entry its fast-charging community in Canada and the United States.
A couple of weeks later seven automakers – BMW, General Motors, Honda, Hyundai, Kia, Mercedes-Benz, and Stellantis – introduced a three way partnership to put in not less than 30,000 quick chargers throughout North America beginning this summer time, which will be accessible to all electrical autos, no matter model.
The reported layoffs inside Tesla’s supercharger division coincided with the corporate’s announcement of a 55% decline in quarterly earnings, amounting to $1.1 billion, reflecting the general lower in electrical automobile gross sales throughout that interval.
(With inputs from businesses)

Nilesh Desai
Nilesh Desaihttps://www.TheNileshDesai.com
The Hindu Patrika is founded in 2016 by Mr. Nilesh Desai. This website is providing news and information mainly related to Hinduism. We appreciate if you send News, information or suggestion.


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