Elon Musk says Tesla will spend $500 million to expand charging network
) will spend more than $500 million to expand its fast-charging network, CEO Elon Musk said on Friday, days after abruptly laying off employees who were running the business.
After the layoffs last week, Musk said that Tesla planned to expand the Supercharger network but at a slower pace for new locations. However, Musk's decision to gut the electric-vehicle charging team is scrambling plans for rolling out new fast-charging stations and may delay President Joe Biden's efforts to electrify U.S. highways.
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