Tesla Closing its Retail Stores, Focus on Online Sales Only
World's leading electric automobile maker Tesla said it was closing "many" of its 378 retail stores around the world as it shifts to an online-only sales model.
The decision was surprised many of them including Tesla's Fan. The announcement came after another round of layoffs at the electric automaker like affected some 7% of its workforce in January in a bid to cut costs following its production ramp for the Model 3.
Tesla did not respond to questions from Pixr8 News on how many stores will be closing.
"Shifting all sales online, combined with other ongoing cost efficiencies, will enable us to lower all vehicle prices by about 6% on average, allowing us to achieve the $35,000 Model 3 price point earlier than we expected," the company said in a blog post.
"Over the next few mo...