Tesla Closing Retail Locations, Goes Online Only, Warns About Profits: What This Means

Yesterday, Tesla confirmed that the Model 3 Standard Range would finally be available to order from $35,000. It also unveiled the Tesla Model 3 Standard Range Plus.

At the same time, it also confirmed that it would be closing the majority of its Tesla Stores and Galleries, turning instead to online only purchases in order to reduce costs and bring more affordable cars to market.

In a conference call with select journalists after the announcement, Tesla CEO Elon Musk also said that Tesla is unlikely to turn a Profit in Q1.

What does this all mean? What’s the future hold for Tesla? And why shouldn’t you worry? Watch the video above to find out, like, comment and subscribe, and support us using the links below.

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