The Future of Tesla Revealed: Elon Musk’s Electric Car Company Will Close Stores and Only Sell Vehicles Online

The Future of Tesla Revealed: Elon Musk’s Electric Car Company Will Close Stores and Only Sell Vehicles Online

5 years ago
Anonymous $Dftgs0JzgE

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.

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