Why Is Tesla Pulling Back on EV Charging?

Tesla announced last week that it’s laying off the team responsible for the biggest electric-vehicle charging network in the U.S. The move comes as consumer demand for EVs is dwindling. WSJ’s Jennifer Hiller reports on how the layoffs shocked the industry and how the change will impact efforts to build out a national EV charging network. Further Reading: -Tesla Is Pulling Back From EV Charging, and People Are Freaking Out  -As Electric-Vehicle Shoppers Hesitate, Hybrid Sales Surge  Further Listening: -Money, Drugs, Elon Musk and Tesla’s Board  -How China’s BYD Overtook Tesla  Learn more about your ad choices. Visit megaphone.fm/adchoices

Om Podcasten

The most important stories about money, business and power. Hosted by Kate Linebaugh and Ryan Knutson, with Jessica Mendoza. The Journal is a co-production of Spotify and The Wall Street Journal. Get show merch here: https://wsjshop.com/collections/clothing