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Tesla to Invest $500M for Thousands of New Superchargers

May 10, 2024, 07:34 AM

Tesla has announced a significant expansion plan for its Supercharger network, committing over $500 million to create thousands of new charging stations this year. This investment, confirmed by Elon Musk, is aimed at addressing concerns about recent changes to the Supercharger program and reinforcing the network's role as a core element of Tesla's mission. The expansion includes construction of new sites and is exclusive of the higher operational costs associated with the network.