Tesla plans to spend more than $500 million to expand its electric-vehicle charging network this year, Chief Executive Elon Musk said, days after the carmaker laid off much of the team responsible for creating the largest such network in the U.

Tesla will spend more than $500 million this year to expand its fast-charging network, CEO Elon Musk said on Friday, days after abruptly laying off employees who were running the business.

Tesla’s stock was headed toward its first gain in four sessions on Friday, after electric vehicle giant’s chief executive, Elon Musk, seemed to again

Tesla’s Supercharger network is one of the most successful aspects of its business and a major reason why it has such a foothold on the electric vehicle industry. As Tesla sets its game plan for 2024, CEO Elon Musk says that the company will spend “well over” $500 million on expanding its Supercharger network this year.

Elon Musk says Tesla is going to spend over $500 million on expanding the Supercharger network this year after

Tesla CEO Elon Musk on Friday said that the company will be investing more than USD 500 million in its Supercharger network to create thousands of new chargers in 2024.

Tesla is set to invest over $500 million this year in expanding its Supercharger network, according to CEO Elon Musk, despite recent upheavals including the dismissal of the entire Supercharger team.

The mercurial CEO says the money will go to new sites and expansions, days after firing the entire Supercharger team.

Elon Musk touted plans to expand Tesla Inc.’s Supercharger network just over a week after firing almost all of the roughly 500 people who ran the business.

The fight against this car factory is a fight against every car factory,” said Ole Becker, a spokesperson for the organizing group.

Here's what you need to know about hiring freezes. Hiring freezes don't have to be absolute. While Tesla left three positions up, you don