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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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See Also:
- Elon Musk plans to announce some Tesla news on Thursday — here's what one Wall Street analyst is expecting
- Tesla may unveil the Model Y this year — here's everything we know about the vehicle so far
- Here are 4 people who could take Elon Musk's place if he were to step down
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