Musk says Tesla Supercharger is expanding despite layoffs
Tesla (TSLA) CEO Elon Musk backpedaled on his recent move to shrink the company's Supercharger team, posting on X that "Tesla will spend well over $500M expanding our Supercharger network to create thousands of NEW chargers this year.”
This move comes after the company laid off nearly the entire Supercharger organization, with Musk posting on X that the network will grow at “a slower pace” for new locations.
Yahoo Finance reporter Pras Subramanian tells Josh Lipton and Julie Hyman that Musk is "trying to fix the situation or chaos that he created in the first place by basically nearly laying off everyone in that Supercharger team."
Many legacy automakers signed up to participate in Tesla's Supercharger network, which Subramanian explains created "a big problem that [Musk] is trying to address right now."
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This post was written by Melanie Riehl
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