A Tesla supplier says Elon Musk's Supercharger layoffs were 'a sharp kick in the pants' [Business Insider]
Tesla, Inc. (TSLA)
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Source: Business Insider
Tesla dominates EV charging in the US, with many of its rivals switching to its charging network. Elon Musk has gone " hardcore " again — and it's sending tremors through the EV industry. The Information reported late Monday that Musk is laying off around 500 employees on its Supercharger team in a move that one supplier has described as a "sharp kick in the pants." The team is responsible for building its global network of superfast EV chargers. "As contractors for the Supercharger network, my team woke up to a sharp kick in the pants this morning," Andres Pinter, co-CEO of Bullet EV Charging Solutions, an Austin-based EV chargepoint installer that works on Tesla's network, told Reuters "Tesla has already been awarded money under the federal government's NEVI program. There's no way Mr. Musk would walk away from effectively free money. It may be possible Mr. Musk will reconstitute the EV charger team in a bigger, badder, more Muskian way," he added. The shock job cuts have
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TSLA
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- 5/13/24 - Form DEFA14A
- 5/13/24 - Form PX14A6G
- 5/10/24 - Form DEFA14A
- TSLA's page on the SEC website