Elon Musk assured in a post on X that Tesla still plans to ‘grow the Supercharger network, just at a slower pace’
Elon Musk shocked the industry by laying off the team behind Tesla’s electric vehicle (EV) charging network, laying off all 500 employees, including two senior executives.
The move comes right after Musk struck a deal with China.
EV makers are worried
The abrupt decision sent shockwaves through the industry. Tesla’s Superchargers are important for large-scale EV adoption as they are known to be reliable and efficient.
Tesla developed the North American Charging Standard (NACS) and struck agreements with leaders in the automotive industry, including General Motors and Ford, to allow them to use Tesla Supercharger stations.
The abrupt gutting of the most reliable EV charging network in the country has further rattled investors after the EV maker reported a 55% profit drop in the first quarter.
Musk assured in a post on X that Tesla still plans to “grow the Supercharger network, just at a slower pace for new locations and more focus on 100% uptime and expansion of existing locations.”