CEO Elon Musk posted on X that the half-billion will be spent on new sites and expansions, not counting operations costs. (The Logic)

Talking point: The tweet, plus a new official online group Musk started to address Supercharger issues, may reassure drivers worried that their area wouldn’t see any more Supercharger coverage. The comments follow another post last week where he said Tesla “still plans to grow the Supercharger network, just at a slower pace for new locations,” focusing more on reliability and expanding existing sites. The EV maker reportedly laid off nearly its entire Supercharger team and asked for the resignation of its leadership. It’s not clear how Musk’s spending plan for its charging network compares with previous years. In Tesla’s 2023 annual report, it said it plans to spend US$10 billion on capital expenditures this year.