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The American manufacturer of electric cars Tesla announced changes in its sales strategy. According to The Wall Street Journal, to reduce costs, the company intends to sell its cars only through the Internet, ceasing traditional trade in its own stores. According to Tesla Chief Executive Officer, Elon Musk, the implementation of this strategy will become a strong competitive advantage for the company. Tesla plans to leave only a few of its stores, in which electric cars will not be sold, but the necessary information will be delivered to potential buyers. Tesla will also no longer conduct test drives, but will allow those who buy an electric car to return it within 7 days or after a run of up to 1 thousand miles and get the full amount back.
On Tuesday, Tesla Inc.’s (TSLA.O) Chief Executive Officer Elon Musk announced that the automotive company would start to open its licensing software to supply powertrains and batteries for other car manufacturers. “Tesla is open ...
On Wednesday, Tesla Inc. (TSLA.O) posted its second-quarter profit worth $104 Million from April to June despite shutting down its electric vehicle factory in Fremont, California for roughly seven weeks due to the coronavirus pandemic. Tesla ...
The self-driving car company Waymo LLC and Fiat Chrysler Automobiles NV (FCHA.MI) signed a partnership deal on Wednesday to fully develop self-driving cars, pickups, and SUVs. Waymo, an Alphabet Inc. (GOOGL.O) unit, and Fiat Chrysler said ...
Tesla Inc.’s (TSLA) Chief Executive Officer Elon Musk announced on Thursday that Wall Street’s most controversial stock might join the S&P 500 after the company’s market value has risen from $50 billion to more than $250 ...
On Monday, Tesla Inc.’s shares (TSLA.O) rose by 13% to an all-time intraday high of $1,342 per share. Some analysts said that the electric car maker's shares could surge another 24% this year. JMP Securities (JMP) boosted its price target ...
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