The chief executive officer of US electric vehicle firm Tesla, Elon Musk, says the company will spend more than 500 million dollars on expanding its fast-charger network.
On Friday, Musk posted on social media platform X, formerly known as Twitter, that Tesla will create thousands of new chargers this year.
Tesla has over 50,000 chargers around the world. In North America, more car makers, including Toyota Motor, have been adopting charging connectors compatible with Tesla's chargers.
But Tesla has been seeing vehicle sales drop amid competition from Chinese electric vehicle companies and declining demand for EVs.
Western media reported last week that Tesla laid off executives and staff of its quick-charger team.
Musk had indicated that the company would be setting up new charging stations at a slower pace. But in Friday's announcement, he reiterated that Tesla will continue to invest in expanding its charging network, which is essential for making EVs more popular.
On Friday, Musk posted on social media platform X, formerly known as Twitter, that Tesla will create thousands of new chargers this year.
Tesla has over 50,000 chargers around the world. In North America, more car makers, including Toyota Motor, have been adopting charging connectors compatible with Tesla's chargers.
But Tesla has been seeing vehicle sales drop amid competition from Chinese electric vehicle companies and declining demand for EVs.
Western media reported last week that Tesla laid off executives and staff of its quick-charger team.
Musk had indicated that the company would be setting up new charging stations at a slower pace. But in Friday's announcement, he reiterated that Tesla will continue to invest in expanding its charging network, which is essential for making EVs more popular.
Similar Readings (5 items)
Tesla to invest $10 bil. in artificial intelligence this year
Summary: Elon Musk frets over controlling Tesla’s ‘robot army’ as car biz rebounds slightly
Elon Musk says his AI firm will compete with generative AI developers
Elon Musk Becomes First Person In History To Lose $200 Billion: Report
Tesla reports record revenue, profit in latest quarter
Summary
Elon Musk announces Tesla's plan to invest over $500 million in expanding its fast-charger network, aiming to create thousands of new chargers this year. Despite seeing a drop in vehicle sales due to competition and declining demand for EVs, the company will continue to develop charging stations
Statistics
154
Words1
Read CountDetails
ID: 3021e307-ebe1-4a4d-9ea3-ff98e6948ae6
Category ID: nhk
URL: https://www3.nhk.or.jp/nhkworld/en/news/20240511_07/
Date: May 11, 2024
Created: 2024/05/12 07:00
Updated: 2025/12/08 14:10
Last Read: 2024/05/13 18:19