Tesla is shuttering most of its stores as the company switches to an online-only sales model (TSLA) - Creak News

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Tesla is shuttering most of its stores as the company switches to an online-only sales model (TSLA)

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  • On Thursday, Tesla announced that it would eliminate most of its stores and move to an online-only ordering model.
  • Tesla is also doing away with the traditional prepurchase test drive.
  • It's unclear if this plan will work in the US, given the prevalence of franchised auto dealers who have traditionally opposed direct sales.

There was a lot of speculation about what Tesla CEO Elon Musk would announce this week after he tweeted that some big news was coming.

But nobody expected Tesla to kill off its physical retail locations.

See the rest of the story at Business Insider

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from Business Insider https://ift.tt/2Ejg0aA

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