In surprise move, Musk axes the team building Tesla's EV charging network

[IronLionZion]

https://www.cnn.com/2024/05/01/business/tesla-ev-charging-layoffs/index.html



Competitors blindsided
In a post on LinkedIn, Lane Chaplin, a senior manager in Tesla’s charging division, wrote: “In the middle of the night, I learned, along with all my #Tesla Global #Charging colleagues, the Tesla Charging org is no more.”

But, following an invitation by Tesla chief executive Elon Musk, virtually every big automaker in the United States committed to making EVs compatible with Tesla’s charging technology, now known as the North American Charging Standard.

In response, major EV charging providers such as Electrify America and EVgo have also announced they will begin building chargers with NACS cables.

“What this means for the charging network, NACS and all the exciting work we were doing across the industry, I don’t yet know,” Jameson wrote in his post.

Killing the goose that lays the golden eggs. Super genius strikes again.

[Hugin]

1. I am under the impression that Eloon wants someone else to pick up the tab...

For building out the charging network. Probably, Uncle Sam. His usual MO.

I see an opportunity here for Hugin’s 100% organic EV charging electrons(tm). (Franchises available now!)

[IronLionZion]

2. Companies pay to use his charging network

since Tesla's is the best one by a substantial margin. He could profit from it since his car sales are falling, but this sounds more like spite.

[Hugin]

3. From the article...

It says that the Tesla charging standard has been adopted as the NACS. So, I guess he might be planning on charging a licensing fee. Similar to what RCA did after it’s standard was adopted as the broadcast standard and RCA continued to collect fees for the use of their patents for decades.

It is the path of pure profit and no investment. I don’t know what patents Tesla (Musk) may hold with respect to the EV charging technology within the NACS.

[IronLionZion]

4. Correct, he wants other companies to build supercharger stations using his standard

[Midnight Writer]

5. Big investors love it when CEOs make "surprise moves" that puzzle everyone.