The automaker led by Elon Musk is no longer planning to take the lead in expanding the number of places to fuel electric vehicles. It’s not clear how quickly other companies will fill the gap.
The carmaker dismissed 500 employees in a unit that was critical to its success and seen as important to the future of electric vehicle sales in the United States.
Honda has said that it would retool its factory in Marysville, Ohio, to make electric vehicles in 2026. The investment in Canada is a sign that the company expects the technology to grow in popularity.
The first-quarter results are likely to fuel worries that competitors will continue grabbing a bigger slice of a market dealing with slowing electric car sales.
The second quarter “will be a lot better,” Elon Musk, Tesla’s chief executive, said on a conference call to discuss the company’s first-quarter results.
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