• 23/06/2024 20:20

Tesla will spend more than $500 million to expand its charging network

This year, Tesla will spend more than $500 million to expand its network of fast charging stations. This was stated by company CEO Elon Musk a few days after the sudden dismissal of employees who led this area, reports Reuters.

Tesla will spend more than $500 million to expand the network of charging stations

Read< /i> telegram channel “Ministry of Finance”: main financial news

“I repeat: Tesla will spend more than $500 million to expand our Supercharger network to create thousands of new chargers this year. This is only for new sites and expansions, in addition to operating costs, which are much higher,” Musk wrote on his social network X.

It is noted that Musk’s decision to cut the team involved in charging electric vehicles ruins plans for the deployment of new stations fast charging and could delay US President Joe Biden's efforts to electrify American highways.

The Biden administration has allocated $5 billion over five years to states to build 500,000 electric vehicle charging stations as part of the National Electric Vehicle Infrastructure program, and Tesla was one of the largest recipients of federal funds.

Recall

The Ministry of Finance wrote that in April 2024, Tesla reduced prices by $2,000 on its Model Y, Model X and Model cars S in the US and China, days after the world's most valuable automaker's first-quarter deliveries fell short of market expectations.

minfin.com.ua

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