In an earnings call, Musk conceded that Tesla profits are unlikely for Q1 this year.
Elon Musk’s Tesla has announced changes to how customers buy vehicles, moving to an online-only system in an attempt to lower the cost of its electric cars.
“Over the next few months, we will be winding down many of our stores, with a small number of stores in high-traffic locations remaining as galleries, showcases and Tesla information centers,” a company blog post read. “The important thing for customers in the United States to understand is that, with online sales, anyone in any state can quickly and easily buy a Tesla.”
The blog post noted the shift to internet-only allows the company to achieve its promised $35,000 Model 3 price point earlier than expected. The firm said the Tesla service system will see increased investment and announced additional firmware upgrades for some vehicles.
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