Despite Tesla being one of the most fashionable car brands around at the moment, there is one inescapable fact that has dogged the company for the last 5 years. Namely, that they’re not actually making money! Well, that isn’t entirely true as the company did post their first every quarterley profits last year, but that was after a very ‘crunch’ heavy period of getting cars off the production lines and onto peoples driveways.
In a report via SkyNews, however, fresh concerns have been raised about the company with stores reportedly being shut. There is, however, a purpose behind it!
Tesla chief Elon Musk has confirmed that the company is looking to close all of their stores. There is, however, a purpose to this rather drastic decision. Specifically, they feel that by removing this overhead it will allow them to reduce the cost of their Model 3 Tesla. A car which has a starting price of (just) $35,000.
They hope that this can be achieved with a ‘fully online‘ platform. How this will work in regards to ‘test driving’ a car, however, is more than a little unclear.
Elon Musk has regularly stated that the Model 3 needs to be a success if the company is going to survive into the future. He has regularly emphasised that getting it into homes as ‘inexpensively’ as possible is a huge factor in that and, in fairness, there are few who wouldn’t consider buying a Tesla if the prices can hold around $35,000 (circa £27,000).
While he expects Tesla to (again) report a loss at the end of Q1, he does hope that these moves will result in a profitable Q2 for 2019. We can only wait and see but, as always, we wish Tesla nothing but the best!
What do you think? – Let us know in the comments!
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