The future of Tesla revealed: Elon Musk's electric car company will close stores and only sell vehicles online

  • 📰 Newsweek
  • ⏱ Reading Time:
  • 34 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 52%

Singapore News News

Singapore Singapore Latest News,Singapore Singapore Headlines

In an earnings call, Musk conceded that Tesla profits are unlikely for Q1 this year.

Elon Musk’s Tesla has announced changes to how customers buy vehicles, moving to an online-only system in an attempt to lower the cost of its electric cars.

“Over the next few months, we will be winding down many of our stores, with a small number of stores in high-traffic locations remaining as galleries, showcases and Tesla information centers,” a company blog post read. “The important thing for customers in the United States to understand is that, with online sales, anyone in any state can quickly and easily buy a Tesla.”

The blog post noted the shift to internet-only allows the company to achieve its promised $35,000 Model 3 price point earlier than expected. The firm said the Tesla service system will see increased investment and announced additional firmware upgrades for some vehicles.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 468. in SG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

So..can I trade in my 4-Runner when buying a Tesla online? Wonder how that will work.

Probably inspired by the Carvana model of vehicle delivery?

That's one way to reduce the employee rolls/footprint...

Singapore Singapore Latest News, Singapore Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Tesla under Elon Musk is virtually uninvestable, market watcher saysThe SEC's crackdown on Tesla has weighed heavily on its stock, and it looks like the pain could continue, Strategic Wealth Partners' Mark Tepper says. When you are the best in the world, these mighty men would like to destroy and buy your shares inexpensively! Does SEC thus protect investors? Crazy?
Source: CNBC - 🏆 12. / 72 Read more »