Tesla to Invest More Than $500 Million on EV Chargers, Aims to Expand Charging Network
Elon Musk addresses concerns and reaffirms Tesla's commitment
Tesla's CEO, Elon Musk, has stated that the company will invest well over $500 million in developing new EV chargers, signaling its dedication to expanding its charging network. Musk's announcement follows recent speculations regarding the future of Tesla's Supercharger business unit.
Investor confidence sees a positive uptick
The news of Tesla's substantial investment in EV chargers has had a positive impact on investor sentiment, reflected in the uptick in Tesla's stock price. The confirmation by Elon Musk has reaffirmed the company's commitment to sustainable transportation and infrastructure development.
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