Electric vehicle maker Tesla recently made a surprising move to lay off the majority of the team responsible for creating their electric-vehicle charging network known as Supercharger. This was interpreted as a sign that Tesla is slowing down on the Supercharger expansion, but that doesn’t seem to be the case.
In a post recently shared on X (former Twitter), Tesla’s CEO Elon Musk wrote that the company plans to spend $500 million on “expanding our Supercharger network” with plans to add thousands of new chargers in 2024.
Musk added that the $500 million will go towards “new sites and expansions” and doesn’t include operations costs, which are “much higher”.
In a recent interview, Musk talked about the Supercharger network and plans to slow down expansion to new locations. Instead, he said that Tesla plans to improve existing locations by adding more chargers.
Tesla’s Supercharger network was initially introduced in 2012 and has since grown to become the largest and most successful EV-charging network in the United States, with an estimated 2,300 stations. These high-speed chargers served as a major factor in the adoption of EVs, meaning that a slow expansion in the future could significantly influence the growth of the market for electric cars.