Tesla to Invest $500M in 2024 for Thousands of New Superchargers Despite Layoffs

May 10, 2024, 07:34 AM

Tesla Inc. plans to invest over $500 million in 2024 to expand its Supercharger network, adding thousands of new charging stations despite recent company layoffs. CEO Elon Musk emphasized that this expansion is focused on constructing new sites and does not include operational costs, which are significantly higher. Musk reiterated the company's commitment to this expansion, which aims to enhance Tesla's already extensive charging network. This move comes shortly after Tesla laid off the entire team previously responsible for its Supercharger network, raising questions about the company's strategy and operational management going forward, especially given the apparent contradiction between the layoffs and the expansion.