Tough week for Tesla shareholders. Elon decides to layoff the entire supercharger team of 500 staff, putting contractor partners in an awkward position of not knowing who is left at Tesla to contact. Is this a sign of a brilliant genius or the beginning of the end?
I still think the best days are ahead for Tesla shareholders. EV as an industry is facing incredible headwinds that are not unique to Tesla, so it makes sense for Elon to scale back investments in areas that are not directly tied to revenue. Supercharging makes up a small percentage of overall revenue. However, I strongly disagree with the "axe" approach of chopping the entire supercharger division.
With NACS becoming the industry standard in almost all cars sold in the U.S. and Canada starting 2025, it bodes well for Tesla that demand for supercharger network is just around the corner.
August 8 cannot come fast enough!
Tesla Robotaxi unveil on 8/8
— Elon Musk (@elonmusk) April 5, 2024