BP plc (NYSE:BP) and Tesla Inc (NASDAQ:TSLA) shares are moving in different directions Thursday. New reports indicate BP’s electric vehicle charging unit is aggressively looking to buy Tesla supercharging sites, which would include the workers at the locations.
What To Know: BP is “aggressively looking to acquire real estate” to scale up its charging network with “heightened focus” following recent layoffs from Tesla, according to Bloomberg.
BP reportedly plans to spend $1 billion by 2030 to install more than 3,000 charging locations across the U.S. The company plans to spend about $500 million of the $1 billion over the next two to three years.
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