There’s a $1.6 Billion Problem with Elon Musk’s Plan to Close Tesla Stores

2019-3-11 02:00

In a complete reversal, Tesla revealed that it would work to move all sales online, just a year after touting the expansion of Tesla stores and galleries. Tesla Backtracks on Retail Store Expansion The 2017 annual report published in February 2018 read: “Our Tesla stores and galleries are highly visible, premium outlets in major metropolitan markets, some of which combine retail sales and service.

We have also found that opening a service center in a new geographic area can increase demand. As a result, we have complemented our store strategy with sales facilities and personnel in service centers to more

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Tesla Hikes Car Prices amid Chaos but Investors Shouldn’t Be Alarmed

After it was revealed that Tesla owes $1. 6 billion in lease obligations at premium outlets, malls, and prime locations, the company has decided to leave many of its stores open. The Tesla team said in an official statement: Last month, we announced that we would be winding down many of our stores and moving to online-only sales in order to pass the savings along to our customers.

2019-3-11 16:24