_tesla39s-layoffs-raise-questions-about-growth-of-supercharging-network.jpg "Tesla's Layoffs Raise Questions About Growth of Supercharging Network from hindsight bias in investing Video Screenshot Preview")
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⏲ Duration: 0:41
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✓ Published: 15-May-2024
👁 View: 315K times
✓ Published: 15-May-2024
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Tesla recently laid off around 500 employees, including senior leadership of its Supercharging team, raising concerns about the future of Tesla's EV charging network. Tesla's Supercharging network is one of the largest in the world with over 55,000 charging ports, and is seen as one of Tesla's most valuable assets. The abrupt cuts have created uncertainty about its expansion plans. Tesla's CEO Elon Musk said the company will still invest $500 million in Superchargers this year, but expand faster than before. The cuts come as Tesla faces more competition from other automakers expanding their EV options and charging networks.
Tesla recently laid off around 500 employees, including senior leadership of its Supercharging team, raising concerns about the future of Tesla's EV charging network. Tesla's Supercharging network is one of the largest in the world with over 55,000 charging ports, and is seen as one of Tesla's most valuable assets. The abrupt cuts have created uncertainty about its expansion plans. Tesla's CEO Elon Musk said the company will still invest $500 million in Superchargers this year, but expand faster than before. The cuts come as Tesla faces more competition from other automakers expanding their EV options and charging networks.
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