Tesla CEO Elon Musk has announced a significant investment of over $500 million to bolster the company’s Supercharger network. This initiative aims to establish thousands of new charging stations globally throughout 2024.
The focus of this investment lies in physical network growth. Musk emphasized on social media platform X that the $500 million is dedicated solely to establishing new Supercharger locations and network expansions. Operational costs are excluded from this figure.
Just to reiterate: Tesla will spend well over $500M expanding our Supercharger network to create thousands of NEW chargers this year.
— Elon Musk (@elonmusk) May 10, 2024
That’s just on new sites and expansions, not counting operations costs, which are much higher.
This announcement follows concerns raised by Tesla customers in Australia regarding the quality of Supercharger services. Recent company layoffs within the charging team fueled these anxieties. However, Musk clarifies that the $500 million investment targets network expansion. They are ensuring continued development and improvement of Tesla‘s charging infrastructure.
In separate communication with Australian customers, Tesla reassured them of its commitment to Supercharger network expansion. All ongoing construction projects will be completed and become operational. This transparency comes after Tesla laid off 100 employees from its charging team, suggesting the company is streamlining operations while aiming to maintain service excellence.
