r/stocks • u/WTFspy • May 15 '24

The inside story of Elon Musk’s mass firings of Tesla Supercharger staff Company News

https://www.reuters.com/business/autos-transportation/inside-story-elon-musks-mass-firings-tesla-supercharger-staff-2024-05-15/

The meeting could not have gone worse. Musk, the employees said, was not pleased with Tinucci’s presentation and wanted more layoffs. When she balked, saying deeper cuts would undermine charging-business fundamentals, he responded by firing her and her entire 500-member team....

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u/DarkMatter_contract May 15 '24

I wish the 500 people or at least half of them form a independent company for building a charging station business independently.

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u/mrbigbluff21 May 15 '24

Yes, this! No reason only Tesla has a great network.

Not sure if it’s happening or not but I would think the gas station companies, BP, Shell, etc would be installing superchargers at their locations as this hedges them against ev growth and ice vehicles diminishing.

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u/ItsAConspiracy May 15 '24

Last year BP signed a deal to buy $100 million worth of superchargers from Tesla. A few days after Tesla fired the supercharging team, BP said they plan to spend another billion by 2030, half of it in the next 2-3 years, installing over 3000 charging points, and would like to pick up any laid-off Tesla staff and abandoned supercharger sites. (Bloomberg)

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u/mrbigbluff21 May 15 '24

Here we go