- Investor's Business Daily
Vultures Circle As Elon Musk Says This On Superchargers Following Layoffs
Tesla Chief Executive Elon Musk on Friday said the EV giant is spending half a billion dollars to build out its supercharger stations this year, even as the Tesla head recently dismissed the company's entire supercharger team. Musk took to the social media platform X early Friday claiming that Tesla will spend more than $500 million to expand its supercharger network and "create thousands" of new chargers in 2024. In the first quarter, Tesla supercharger stations totaled 6,249, up 26% vs. Q1 2023.
- Barrons.com
Biden to Hike Chinese EV Tariffs, Report Says. That Helps Some and Hurts Others.
The Wall Street Journal reports the Biden administration is considering quadrupling the import tariff on Chinese-made automobiles.
- Reuters
UPDATE 1-After layoffs, Musk says Tesla to spend $500 mln on charging network
Tesla will spend more than $500 million this year to expand its fast-charging network, CEO Elon Musk said on Friday, days after abruptly laying off employees who were running the business. "Just to reiterate: Tesla will spend well over $500M expanding our Supercharger network to create thousands of NEW chargers this year," Musk said in a post on his social media platform X. After the layoffs last week, Musk said Tesla planned to expand the Supercharger network but at a slower pace for new locations.
