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Tesla slashes electric vehicle charging business

According to reports from the Wall Street Journal and Reuters: Tesla CEO Musk suddenly fired most of the employees responsible for the electric vehicle charging business on Tuesday, shocking the electric vehicle industry.

Musk sent an internal email on Monday night stating that most project members of Tesla’s Supercharger network would be laid off, and project leader Tinucci would leave the company. Tesla announced earlier that it would lay off 10% of its employees. According to people familiar with the matter, Tesla has laid off a large number of layoffs, including sales staff and employees responsible for the construction of charging facilities. The layoffs have halted construction of more than a dozen Supercharger stations across the state and halted charging-pile negotiations in New York.

Musk posted on social media ”

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Analysts said that Musk’s layoffs sent a signal that Tesla is going through difficulties and has serious cost problems, for which difficult decisions must be made. Tesla’s profit in the first quarter of this year fell to its lowest level since 2021.

Tesla’s tightening of charging operations may further hit U.S. electric vehicle sales. Electric vehicles in the United States are facing sluggish sales growth this year and sluggish progress in laying out national highway charging networks. Consumers are hesitant to buy electric vehicles, partly because the charging network in the United States is imperfect and drivers are prone to “range anxiety.” Tesla has built charging stations that are cheaper and faster than its competitors, so it has been the industry leader.

For individual investors, the charging pile market is undoubtedly the hottest and most rewarding market at the moment.

Susie

Sichuan Green Science & Technology Ltd., Co.

sale09@cngreenscience.com

0086 19302815938

www.cngreenscience.com


Post time: May-06-2024