With or Without Tesla, More E.V. Chargers Are Coming [The New York Times]
Tesla, Inc. (TSLA)
Last tesla, inc. earnings: 4/29 04:11 pm
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Source: The New York Times
Last week, Tesla laid off most ofits electric car charging teamThough Tesla accounts for more than half of the fast E.V. chargers currently installed in the United States, and though it has continued to build them faster and cheaper than anyone else, the E.V. charging market may no longer need Tesla to lead it.In fact, experts I spoke to believe the E.V. charging industry is set to expand quickly over the next few years. Let me explain why.At first, Tesla’s move seemed like a blow to a sector that may seem like it’s struggling to grow despite the$7.5 billion investmentmore than double what the has todayElon Musk, Tesla’s C.E.O., hasn’t explained why he decided to cut back on charger construction, but someanalysts interviewed by my colleagues Jack Ewing and Ivan PennAs Ewing and Penn wrote, last year all major automakers selling cars in North America agreed to use the charging plug developed by Tesla, which has a reputation for being reliable and easy-to-use.We are having trouble retr
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