Carvana CEO says he wouldn't bet against Tesla selling cars online

Carvana CEO says he wouldn't bet against Tesla selling cars online

5 years ago
Anonymous $Dftgs0JzgE

https://www.cnbc.com/2019/03/07/carvana-ceo-says-he-wouldnt-bet-against-tesla-selling-cars-online.html

The head of a rising online used car business said Tesla's decision to take all sales onto the internet may be a much better bet than some skeptics think.

"I think every business has its challenges, but they've done a pretty good job overall, I wouldn't be betting against them," Carvana CEO Ernie Garcia, said Thursday on CNBC's Squawk Alley. "I think when you buy a new car, questions are different, but the return policy is enormously powerful like it is on the used side. A customer knows they can return it."