<p>The reported layoffs came shortly after Tesla reported a 55% drop in quarterly earnings to USD 1.1 billion, reflecting the decline in EV sales.</p>
The reported layoffs got here shortly after Tesla reported a 55% drop in quarterly earnings to USD 1.1 billion, reflecting the decline in EV gross sales.

Tesla boss Elon Musk stated Friday the electrical automobile producer would make investments over USD 500 million this 12 months to put in new superchargers, simply days after a report of large layoffs on this department of the corporate.

“Simply to reiterate: Tesla will spend nicely over USD 500M increasing our Supercharger community to create 1000’s of NEW chargers this 12 months,” Elon stated on X.

“That is simply on new websites and expansions, not counting operations prices, that are a lot greater,” he added.

In response to tech information outlet The Data on Monday, Tesla was transferring to disband its supercharger division, shedding most of its 500 staff in addition to its senior director.

The revelation raised questions in regards to the future improvement of Tesla’s community of over 50,000 quick chargers — probably the most in depth on the planet, based on Tesla — which may add 200 miles (320 kilometers) of vary in 1 / 4 of an hour.

The concern of inadequate charging infrastructure is among the the explanation why gross sales of electrical autos are progressing much less quickly than anticipated within the US and Tesla’s well-developed community was seen as key to reassuring clients.

Within the spring of 2023, a number of opponents — Ford, Normal Motors, Rivian — entered into partnerships with Tesla in order that their autos might use its fast-charging community in Canada and the US.

A couple of weeks later, seven automakers — BMW, Normal Motors, Honda, Hyundai, Kia, Mercedes-Benz, Stellantis — introduced the creation of a three way partnership to put in, from this summer season, at the least 30,000 quick chargers in North America, accessible to all electrical autos.

The reported layoffs got here shortly after Tesla reported a 55% drop in quarterly earnings to USD 1.1 billion, reflecting the decline in EV gross sales.

  • Revealed On Might 11, 2024 at 02:36 PM IST

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