Musk Says New Tesla Plants Lose Billions in Rush to Spool Up

Tesla is asking its customers in Texas to avoid charging their electric vehicles during peak times in order to prevent overtaxing the state’s power grid. The alerts come as Texas’ grid operator, the Electric Reliability Council of Texas or ERCOT, is calling on residents to conserve electricity during the recent heatwave, as the system is being pushed to near-emergency conditions.

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