The $3.6 billion investment, which also includes a new battery factory, presents a challenge to traditional truck makers that have been slow to sell electric vehicles.
The network could help increase the low number of charging stations, encouraging more people to buy electric vehicles.
Worry about the carmaker’s sales in the world’s largest car market is one reason the shares have plunged.
The company’s rapid growth is expected to ease as the economy slows and demand for its electric cars weakens.
Investors blame Elon Musk and wonder how much more the stock will fall.
Foreign-made cars no longer qualify. Tesla and G.M. should become eligible again. But officials are still working on the fine print.
Sales contracts prevent buyers of the company’s electric cars from pursuing class-action suits if something goes wrong.
Shares of the company slumped as investors worried about increasing competition.
No Republican in Congress voted for the Inflation Reduction Act. But their districts and states will greatly benefit from the investments spurred by the law.
Trevor Milton was accused of boasting about nonexistent technology to inflate the stock price of Nikola, a maker of electric trucks.