Tesla Adds Mercedes-Benz To Supercharger Network Waitlist, Adjusts Timelines For Rival EV Makers (UPDATED)
Portfolio Pulse from Anan Ashraf
Tesla has added Mercedes-Benz to the list of automakers that will soon gain access to its supercharger network in North America. The timeline for access has been adjusted to 'soon' from the previous expectation of spring. Tesla's recent layoffs, including 500 members of the supercharging team, have created doubts about the timeline. However, CEO Elon Musk refuted rumors about the network's decline, stating that Tesla will invest $500 million in expanding the network this year.
June 25, 2024 | 6:10 am
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Tesla has added Mercedes-Benz to its supercharger network waitlist and adjusted the timeline for access to 'soon'. Despite recent layoffs, CEO Elon Musk confirmed a $500 million investment in expanding the network this year.
The addition of Mercedes-Benz to the supercharger network and the confirmation of a $500 million investment in expansion are positive developments for Tesla. Despite the layoffs, the commitment to growth and capital efficiency should reassure investors.
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