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Tesla has announced another substantial round of job cuts, this time impacting its Supercharger group, a core component of its EV infrastructure. The layoffs affected nearly the entire team, including Senior Director of EV Charging, Rebecca Tinucci, totaling approximately 500 positions. Coming on the heels of a previous reduction of over 14,000 workers, these cuts are part of a broader initiative by Tesla to dramatically reduce its headcount and operational costs. In a recent communication, CEO Elon Musk emphasized the necessity for the company to be "absolutely hardcore about headcount and cost reduction" to sustain its growth and market leadership. #Tesla #ElectricVehicles #AutomotiveIndustry #BusinessStrategy #JobCuts #Supercharger https://lnkd.in/g32kWpX7

Tesla's Charging Network Shakeup Elon Musk's recent decision to fire nearly all of Tesla's electric-vehicle charging division, including charging chief Rebecca Tinucci, has sent shockwaves through the industry. With #Supercharger stations accounting for over 60% of US high-speed charging ports, this move threatens a key Tesla advantage. Despite Musk’s promises to expand the network, a significant reduction in planned investment could jeopardize new charging site rollouts and partnerships with major automakers. This has created uncertainty in the #EV market, affecting suppliers and utilities heavily invested in Tesla’s plans. 🔍 Key Points: Mass Layoffs: Nearly 500-member team fired. Network Impact: Potential delays in new charging sites. Market Reaction: Suppliers and utilities left in limbo. Future Focus: Shift towards self-driving cars. How will this impact the EV market and your investments? Quantum Finserv understands the stakes and can guide you through these uncertain times. Reach out to us for expert financial and strategic advice to navigate such turbulent times. 📉📈 #Tesla #ElonMusk #ElectricVehicles #EVCharging #Supercharger #EVMarket #Investment #FinancialAdvice #MarketTrends #SustainableEnergy #Layoffs #US #Selfdrivingcars #QF #QuantumFinserv

Approximately a month ago, I shared news that Tesla was laying off 500 employees focused on EV charging systems. This was a huge shock to the industry, since Tesla hosts the largest network in the country. As with other things, Elon Musk reversed himself and is now rehiring the same people, some of which they lost to their competitors. My take-aways: 1) Tesla EV charging is back in business! 2) Even big companies make strategic mistakes. 3) Big strategic moves need to be analyzed and evaluated. Let's leave the knee jerk reactions to goalies and snake handlers. https://lnkd.in/gv2k682n

Elon Musk wants you to think Tesla still has a Supercharger plan despite mass layoffs: Filed under: Government/Legal,Green,Tesla,Electric Continue reading Elon Musk wants you to think Tesla still has a Supercharger plan despite mass layoffs Elon Musk wants you to think Tesla still has a Supercharger plan despite mass layoffs originally appeared on Autoblog on Fri, 10 May 2024 08:11:00 EDT. Please see our terms for use of feeds. Permalink |  Email this |  Comments #car #cars #awesome

This is sure to have a resounding effect across the #evcharging industry. After laying off 10% of the company a few weeks ago, Tesla has now cut the majority of its Supercharging team. It’s a curious pivot in direction nearly one year after securing some of the largest OEMs across the globe to adopt Tesla’s own NACS charging port for their new vehicles, in lieu of CCS, which was poised to be the American standard until then. I wonder what these companies must be thinking now that Tesla is shifting focus away from DC Fast Charging. #ev #charging #dcfc #teslalayoffs https://lnkd.in/gBmb3Ypt

North America stands at a pivotal moment in its transition to electric vehicles. Until recently, Tesla held the spotlight as the sole successful EV manufacturer. The company's Supercharger network, years ahead of competitors, established the gold standard that others aspire to match. Given Tesla's dominance in the EV market and the nation's eagerness to bolster charging infrastructure, it's a head-scratcher that the company has opted to lay off most of its 500-person Supercharger team. The rationale behind this decision will undoubtedly spark debate. However, one thing remains clear: Tesla's slowdown in charging network expansion reverberates across the entire industry. With Tesla potentially forfeiting its once-greatest advantage, there's a prime opportunity for other players to seize the spotlight. Jameson Dow of Electrek.co delves into Tesla's recent layoffs and the potential industry ramifications of dismantling its Supercharger team - https://lnkd.in/gt7ZE4uZ

The most critical factor when analyzing our energy transition is profitability, not the relative cost of clean energy compared to current carbon sources. This is logical when viewed within the framework that companies must operate in today. Firms are driven by profit, and for a successful transition to clean energy, it must be economically viable and attractive for businesses to invest in and adopt these technologies.

The Tesla Supercharger layoffs are either "sort of stupid, bad, or very bad for the electric vehicle transition," writes Robinson Meyer in his latest. Here are three ways of looking at the news: 😟 It’s worrisome for other EV automakers - The certainty of Tesla’s superior charging network is gone. How much more will the Tesla network expand now? 💥 It’s about hype - Musk continually steers his sometimes-profitable company toward the buzziest, most hyped-up phenomenon in the economy (in this case, AI). 👎 It’s a bad sign - If the economics don’t justify a further investment in chargers, the country is in a pickle. Read more below. #tesla #supercharger #layoffs #electricvehicles #EVs

[Daily Focus News] EV "The future of #Tesla Supercharging is uncertain following CEO Elon Musk’s disbanding of the Supercharging team as part of a broader restructuring. The roughly 500 layoffs included senior director of EV charging Rebecca Tinucci and Daniel Ho, director of vehicle programs. Musk’s abrupt decision has raised concerns about the future of Tesla’s EV charging system, which has grown to be one of the largest EV charging networks in the world, with more than 55,000 charging ports, according to the company. ″I would describe the Supercharger network as one of the crown jewels of Tesla,” said Andres Pinter, co-CEO of Bullet EV Charging Solutions. “Instead of doing victory laps and building the Supercharger network and reaping the benefits of this asset, suddenly there’s this pause.” Bloomberg reported on Monday that Tesla has started hiring back some of the laid-off employees in the group, citing people familiar with the matter." #tesla #supercharging #ev #evcharging #supercharger #network #system #kotra #kotrasvitc