Elon Musk’s Recent Decision Hinders Biden’s EV Agenda
DAILY REPORT
May 03,2024
Tesla CEO Elon Musk decided on May 1 to disband a large part of a key team in its electric vehicle (EV) charger division, hindering President Joe Biden’s EV agenda.

Musk’s decision undercuts a deal Tesla struck with the White House last year to open the company’s vehicle chargers to other automakers in exchange for accessing federal dollars.
“It feels like the rug just got pulled out from under a lot of the industry alignment that has been built in the last twelve months,” Matt Teske, CEO of the EV-charging software platform Chargeway, said.
According to Politico, Tesla won almost thirteen percent of all EV charging awards from Biden’s 2021 bipartisan infrastructure law. This earned the company more than $17 million in infrastructure grants.
Musk’s sudden decision to disband employees in Tesla’s EV charging business comes as a surprise to automakers preparing to equip new EVs for customers.