10.05.2024 22:41:31 - dpa-AFX: Tesla To Invest Over $500 Mln On Supercharger Network Expansion

WASHINGTON (dpa-AFX) - Tesla Inc. (TSLA) CEO Elon Musk has reaffirmed his
company's commitment to growing its Supercharger network, just days after the
entire team in charge of building it was sacked by the EV maker.

'Just to reiterate: Tesla will spend well over $500M expanding our Supercharger
network to create thousands of NEW chargers this year,' Musk tweeted on X.

'That's just on new sites and expansions, not counting operations costs, which
are much higher,' he added.

In another tweet, Musk announced the formation of a new Tesla group called the
'Supercharger Community' on X. Musk is one of the group's current members of
less than 10. Each new applicant must be accepted before joining the community.

On May 1, Musk informed the company's employees about the disbandment of a group
of about 500 individuals responsible for constructing new Supercharger stations.

Tesla's Supercharger network is the largest public fast-charge network in the
U.S.

Musk had said that the Supercharger network will continue expanding, albeit at a
slower pace for new locations and a greater focus on bolstering existing sites.

He has also said that charging sites currently being worked on will be finished
and that Tesla 'will add additional Superchargers anywhere where there are
gaps.'



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Name WKN Börse Kurs Datum/Zeit Diff. Diff. % Geld Brief Erster Schluss
TESLA INC. DL -,001 A1CX3T Frankfurt 166,420 23.05.24 08:02:11 +0,640 +0,39% 166,300 166,580 166,420 165,780

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