Tesla Inc.’s plans to save money by closing most of its retail stores and selling all cars online face a big potential hurdle: Store landlords show no signs of giving the company an easy way out of its leases.
The electric car maker has offered few details about which of its 106 stores and galleries in 26 states it plans to close. Even many shopping center landlords say they have heard nothing from the company about whether their Tesla store will be shut down, according to real-estate brokers and landlords.
SEC_Enforcement Please explain to all of us how an obvious Smear Shop story like this remains AT THE TOP OF EVERY TESLA GOOGLE SEARCH FOR DAYS? Lease obligations are a common business practice. This is the tip of an iceberg you should be looking at. Do your fucking job. $TSLAQ
To avoid paying severance, $TSLA is refusing to pay commission to sale staff, forcing them to quit on their own. What a crook Felon Musk is! This guys belongs to jail.
In addition to the thieves in the real estate industry: 1. How will Tesla handle maintenance and warranty repairs without a dealership network? 2. Most states prohibit the direct sale of cars to customers. How is Tesla going to get around these antiquated laws?
Leases tend to be far cheaper than labor costs.
Musk made bad bets on electric cars, solar, and tunnels. He's made incredibly inaccurate statements on AI, climate change, manufacturing, and even paper money. Does this really mean that he's retarded? The answer is yes.
But Tesla is disruptive so leases don't apply to them.
Bezos is going to have a car selling portion of amazon in 5 years
Will Amazon ship my new car to me in 3-7 business days?
My guess is they will prioritize closing based on lease length, they aren't stupid.
You ever get the impression Tesla is scrambling to find a radically new business model twice a week?
do they take bitcoin?