Tesla to Invest More Than $500 Million on EV Chargers, Aims to Expand Charging Network

Friday, 10 May 2024, 11:22

Elon Musk confirms Tesla's plan to spend over $500 million on new EV chargers to bolster its Supercharger EV charging business. The announcement has boosted investor confidence and dispelled recent reports of the unit's closure, driving Tesla's stock price up.
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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.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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