Tesla Layoffs May Cut DCFC Port Growth by 5%

The April 2024 Tesla Supercharger team layoffs are likely to result in approximately 5% fewer new DCFC charging ports from Tesla in 2024 compared to prior year projections and targets.

Based on Paren's analysis of Tesla's deployment pace through the first half of 2024 and conversations with CPOs who worked with the Supercharger team, the layoffs likely resulted in a slowdown in new site approvals, permitting progress, and construction starts. The impact is a projected 5% decline in new ports for the full year 2024 versus Tesla's prior trajectory.

While Tesla’s growth slows, non-Tesla DCFC port deployment is accelerating. New competitors including IONNA, bp pulse, and Mercedes-Benz HPC are ramping up deployment at scale, and EVgo and Electrify America are continuing their buildout.

The net result: 2024 may be the year Tesla falls below 50% of new US DCFC port deployments for the first time. The transition to a more competitive, multi-network fast charging market is accelerating.