Report says Biden administration rejects Tesla’s request for $100 million in large-scale charging equipment charging funding: Musk sighs – Tesla (NASDAQ: TSLA)
The Biden administration reportedly ignored it Tesla Inc. Tesla Requesting about $100 million to fund massive charging corridors has angered the EV giant’s CEO Musk.
What happened: TechCrunch repurchase agreementIt was reported on Monday that Tesla has applied for funding for a large-scale charging corridor plan. This information was confirmed by the California South Coast Air Quality Management District, a project partner.
However, the Department of Transportation (DOT) on Friday awarded more than $635 million in funding to 49 applicants to build electric vehicle charging infrastructure, and Tesla was not on the list.
Tesla first applied for funding from the Charging and Refueling Infrastructure Project in 2023 to build nine semi-truck charging stations between its former headquarters in California and the southern border of Texas, officially known as Project TESSERACT . Even then, however, the department chose other applicants over Tesla.
CEO responded: Musk gave a brief response to the news on social media platform X: “Sigh.”
Why it’s important: The status of the big drill charging corridor is unclear. Tesla did not immediately respond BenzingaRequest for comment.
Tesla has its own fast charging network. Earlier this month, the company said it would open more than 11,000 Superchargers by 2024, bringing the total number of Superchargers to more than 65,000.
After Tesla announced in April that it would lay off at least 10% of its workforce, the growth of the company’s Supercharger network was called into question. The layoffs affect 500 members of the Supercharger team Rebecca TinucciTesla’s then-senior director of charging infrastructure resigned.
However, at Tesla’s annual shareholder meeting in June, Musk slammed rumors of the demise of the Supercharging network as “exaggerated.”
“Our Supercharger network is continuing to grow,” Musk said, adding that the company would invest $500 million in 2024 to expand the network.
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