Thursday, February 28, 2019

Musk Warns Loss Likely

Good news! The lower priced Model 3 is almost a reality! Bad news! It comes at the expense of job cuts and store closures.

Moving all sales online, which will involve more job cuts, allows Tesla to lower vehicle prices by about 6 percent on average, the company said in a blog post. A $35,000 version of the Model 3 is now available for the first time, almost three years after Musk started taking orders. Tesla said it’ll wind down many of its stores over the next few months, though Musk didn’t specify how many.