Last week, Tesla (NASDAQ: TSLA) announced its unexpected decision to abandon physical retailing locations and move to online-only sales. It’s also unclear how online-only sales will affect each state’s new car lemon laws, which were written based on sales occurring within the respective state. One customer, who was forced to use online-only sales in Texas, described the process as "you have to jump through so many hoops." “Betting the house” on online-only sales is seen as a risk for the automaker…Many industry experts feel that the online-only model is not yet viable for a mass-produced vehicle, and they also question if it will improve Tesla’s profitability. While it’s left to speculation, many experts predict that Tesla’s online move will be clarified over the coming weeks as Tesla consumers and investors become increasingly concerned.

Source: Forbes March 06, 2019 01:14 UTC