23.8 C
Bengaluru
Monday, May 20, 2024

Tesla To Invest Over $500 Mn On Supercharger Network Expansion

Must read

New Delhi

Tesla CEO Elon Musk on Friday said that the company will be investing more than $500 million in its Supercharger network to create thousands of new chargers in 2024. Tesla will spend well over $500 million expanding their Supercharger network to create thousands of new chargers this year, Musk wrote in a post on X. He also said that this money only accounts for new sites and expansions, and not for operations costs, which are much higher.

That is just on new sites and expansions, not counting operations costs, which are much higher, the tech billionaire said. This comes after Tesla emailed its customers in Australia to update them on Supercharging amidst growing concerns about service quality following layoffs.

In an email to Australian customers, Tesla underlined that the network will continue to be expanded, and that all currently under-construction locations will be completed and put into operation. Less than two weeks ago, the company laid off hundreds of employees in its charging team.

Meanwhile, Musk has invited billionaire investor Warren Buffett to come and invest in Tesla, which is facing tough times amid a global slowdown in EV sales.

- Advertisement -spot_img

More articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest article