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Thursday, May 2, 2024

Add This To Elon Musk's Recent Announcements -- May 2, 2024

Locator: 47032TESLA.

May 2, 2024: Tesla is pulling back from EV charging, and people are freaking out. Link to WSJ.

May 2, 2024: crossing the chasm -- five thoughts on Tesla's confusing metamorphosis. Link here.

From the linked WSJ article begins:

 Tesla’s move this week to lay off much of the team responsible for creating the largest and most successful electric-vehicle charging network in the U.S. threw the industry into a state of shock and confusion.

The layoffs halted construction work at a dozen Supercharger sites in Texas. In New York, property owners in negotiations with Tesla were left hanging as discussions about adding chargers to their sites were ongoing.

The upheaval comes as the EV industry struggles with sluggish sales growth and a bumpy rollout of a national highway-charging network.

The Tesla layoffs were sweeping and included employees in the sales force to those overseeing the construction of charging sites, according to people familiar with the decision. Contractors and executives at other automakers that have partnered with Tesla on charging described widespread confusion over the future of Tesla’s charging business.

Tesla has long been the bright spot in a messy charging world, outbuilding and outperforming other companies to create the closest thing the U.S. has to a national highway network, considered the linchpin to greater EV adoption. A Tesla pullback in EV charging could slow the entire U.S. market.

Tesla has been opening up its network to other kinds of cars and chasing—and winning—public funding for chargers, a boon to the Biden administration’s plans to build out national charging infrastructure. States have started to release the first wave of around $5 billion for a highway network, approved in the 2021 federal infrastructure law.

See this post, Musk's strategic change.

Now this, today

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