Tesla's announcement last week that it is moving sales fully online 'is a major event in U.S. auto retailing,' Morgan Stanley analyst Adam Jonas said in a note to investors on Tuesday.
Tesla's announcement last week that it is moving sales fully online"is a major event in U.S. auto retailing" because traditional automakers still need to go through physical dealerships, Morgan Stanley analyst Adam Jonas said in a note to investors on Tuesday.
"Tesla is the only OEM to our knowledge that is allowed to sell its wares through company owned stores," Jonas said."Tesla is now trying to take this a major step further to be the only [automaker] to sell new cars directly to consumers on-line without the involvement of a physical dealer."
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