Tesla Supercharger Network Growth Slows Down In Q2 After Exit Of Rebecca Tinucci And Other Employees Even As Elon Musk Brushes Aside Concerns
Portfolio Pulse from Anan Ashraf
Tesla's supercharger network growth slowed in Q2 after layoffs, including the departure of Senior Director Rebecca Tinucci. Despite this, CEO Elon Musk reassured investors of continued expansion and a $500 million investment in the network.
July 25, 2024 | 9:06 am
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Tesla's supercharger network growth slowed in Q2 following layoffs, including the departure of key personnel. Despite this, Elon Musk reassured investors of continued expansion and a $500 million investment in the network.
The slowdown in supercharger network growth could raise concerns among investors about Tesla's operational efficiency and future growth. However, Elon Musk's reassurance and the significant $500 million investment in the network may mitigate these concerns, leading to a neutral short-term impact on the stock price.
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