Tesla, in Reversal, to Keep More Stores Open - News Summed Up

Tesla, in Reversal, to Keep More Stores Open


One of the biggest things preventing Elon Musk from releasing a mass market electric vehicle comes down to the vehicle's blessing and curse: its lithium-ion battery. Tesla Inc. has rolled back plans to close stores and will raise prices on some of its electric-vehicle models, an apparent about-face after the auto maker said last month it would shut down many of its locations as part of efforts to move sales online only. After closing 10% of its locations, Tesla said early on Monday it would reopen a few high-visibility stores though with a smaller number of employees. It placed an additional 20% of store locations under review. Tesla had 378 stores and service centers globally at the...


Source: Wall Street Journal March 11, 2019 10:39 UTC



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