Tesla will Close Retail Stores and Sell Cars Online

13 Mar Tesla will Close Retail Stores and Sell Cars Online

Tesla announced that it will close all retail sales, to fulfil the goal of bringing its Model 3 to market at a $35,000 price point. Tesla’s plan is to use an online-only sales model hoping to reduce cost in 6 percent, and passing it to customers. A reason for such dramatic move might be the intensification of competition. For example, Volvo just unveiled the Polestar 2, an all-electric sedan with the base model starting at $63,000 before $7,500 in federal incentives.

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