The Future of Tesla Revealed: Elon Musk’s Electric Car Company Will Close Stores and Only Sell Vehicles Online
http://www.newsweek.com/tesla-elon-musk-store-closures-job-losses-model-3-35000-tesla-layoffs-1348687
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.
The company, which is battling for profitability, said yesterday that a $35,000 Model 3 was now available—the reduced price made possible due to the closure of brick-and-mortar retail stores. In an earnings call, Musk said profits are unlikely for Q1 this year, Bloomberg reported.