The Weekend Brief offers analysis and insights on one big news item of the week, delivered only to Quartz members.
After spending the majority of the past year on low battery, Tesla’s stock price gained some energy this week in spite of some rather significant cuts to the company’s operations.
One of these cuts: Elon Musk’s decision to lay off most of the Supercharger team, who are responsible for the network of EV charging stations all across the United States. This decision, along with the company abandoning its gigacasting manufacturing process, would usually signal alarms to investors. So how exactly did Tesla’s stock price see a boost?
The Weekend Brief will explore the potential of Tesla’s supercharger program, where the company stands in the EV market, and Musk’s “robotaxi” vision for its self-driving program.
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