Tesla's Fire & Hire: Musk Brings Back Some Laid-Off Supercharger Team Employees

Benzinga05-14

Tesla, Inc. (NASDAQ:TSLA) reportedly started hiring back some of the around 500 members of its Supercharging team who were laid off last month. Max de Zegher, the director of charging for North ...

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Last week, Elon Musk announced plans to invest over $500 million in expanding the company'sSupercharger network this year.In the past year, Tesla convinced competitors to embrace its plugs as an industry standard andsigned a dealwith several major manufacturers to open its network to their customers.Tesla stock has gained more than 12% in the last 12 months. 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Investors can gain exposure to the stock via the Consumer Discretionary Select Sector SPDR Fund (XLY) and Fidelity MSCI Consumer Discretionary Index ETF (FDIS).\nPrice Action: TSLA shares are trading higher by 1.54% at $171.07 at the last check Monday.\nPhoto via Shutterstock\n\"ACTIVE INVESTORS' SECRET WEAPON\" Supercharge Your Stock Market Game with the #1 \"news & everything else\" trading tool: Benzinga Pro - Click here to start Your 14-Day Trial Now!\nGet the latest stock analysis from Benzinga?\n\nTESLA (TSLA): Free Stock Analysis Report\n\nThis article Tesla's Fire & Hire: Musk Brings Back Some Laid-Off Supercharger Team Employees originally appeared on Benzinga.com\n© 2024 Benzinga.com. Benzinga does not provide investment advice. 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