Today on Critical Materials: Tesla pushes for Musk's big pay day, insiders recall details of Supercharging team's dismissal, and Cruise reaches a settlement.
There have been some rather interesting decisions coming out of Tesla lately. From layoffs to the company's direction—the public, owners, and investors are feeling a bit confused. Now, the company is not just advocating for shareholders to vote for its CEO's pay package but has hired someone to help convince them. Welcome back to Critical Materials, your daily roundup for EV and automotive tech.
” On Friday, Musk posted that “Tesla will spend well over $500M expanding our Supercharger network to create thousands of NEW chargers this year.” Two former Supercharger staffers called the $500 million expansion budget a significant reduction from what the team had planned for 2024 - but nonetheless a challenge requiring hundreds of employees.
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