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InsideEVs: 4 Reasons Why Tesla’s Retail Store Shutdown Is A Profitable Move

ryan

Administrator
Mar 12, 2019
164
0
Los Angeles
4 Reasons Why Tesla’s Retail Store Shutdown Is A Profitable Move

Despite some skepticism, Tesla’s new plan should increase sales and revenue.

Elon Musk recently announced that Tesla will be shutting down 10% of its retail stores and is reviewing another 20% of its stores for potential closure. These store closures will allow Tesla to achieve its goal of reducing the Model 3’s price to $35,000. While some shareholders are skeptical Tesla will achieve its revenue goals without retail stores, others have renewed optimism....