It sounds like price cuts are signalling a rash of slowing sales as well. News sources claim Tesla has been stating it is currently making plans to bring the Model 3 to overseas buyers as they have had difficulty doing so in the past.
The long-anticipate and awaited $35,000 price tag version of the Model 3 is finally being offered after many years of promise. According to news reports Tesla actually predicts a loss in the next quarter which is actually confusing investors. IT appears they are somewhat correct as a recent drop of 13% has already taken place.
Some more exciting news is next week, Mr. Musk intends to unveil Tesla’s newest offering, the Model Y. This model is said to be considered a smaller sport utility with similar characteristics of the model 3. Hopefully this new model dosnt dilute the capital even more with more costs of production.
If a new model Y unveiling why the store closers?
According to the New York Times, “In the final three months of 2018, Tesla opened 27 sales and service locations to keep up with rising demand for the Model 3”. Which means Tesla had over 100 stores and showrooms across the nation with over seas.
Recently Elon Musk claimed Tesla was going to close all but “a small number” of its stores, which take orders, and galleries, which increase exposure. He also said that the company would no longer offer test drives, and that all sales had to be completed by computer or smartphone.
As Mr. Musk lays it out, the change is not so radical. According to Teslas numbers about 78% of all Model 3 orders so far have been online and about 82% of buyers did not test drive the vehicles.