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Tesla CEO Elon Musk Explains its Store Closures to Employees

The announcement was followed by a slashing of retail employees compensation and closure of the first set of stores

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Tesla CEO Elon musk, board
Tesla CEO Elon Musk. (VOA)

Electric Vehicle (EV) maker Tesla’s CEO Elon Musk emailed staffers to explain the situation at the company in the wake of his announcement of closing several of its retail stores and go all-in with online car sales.

“In a new email to employees, Tesla CEO Elon Musk acknowledged some ‘uncertainty’ among the company’s salespeople regarding the sales strategy transition as he tries to reassure them with more details about his plans and expectations,” the Electrek reported on Thursday.

“Stores with a high visitation rate and that lead to significant sales will absolutely not be closed down. It would not make any sense to do so, except in rare cases where the rent is absurdly high. Moreover, Tesla will continue to open stores throughout the world that meet the above criteria,” Musk wrote in an email to his employees.

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Visitors inspect Tesla electric cars at Brussels Motor Show, Belgium, Jan. 18, 2019. VOA

Meanwhile, stores that are in a location with low visitation rates (i.e. empty most of their opening hours) and lead to low sales would be gradually shut down.

When the EV maker launched its long-promised $35,000 version of the Model 3 earlier in March, Musk said they plan to make that price viable by moving all sales online only, thus, closing stores and reducing retail headcount.

Also Read- Contamination Of Contaminating Groundwater In Assam Remains A Silent Issue

The announcement was followed by a slashing of retail employees compensation and closure of the first set of stores. (IANS)

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Tesla Launches “Easy to Install” Home Solar System

The company has been making pricing simpler, more transparent, and have been pushing the energy products more actively

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More recently, Tesla launched a solar rental service under which homeowners can get a solar panel system for just $50 per month, according to the Electrek. Wikimedia Commons

Electric vehicle (EV) maker Tesla has unveiled a 15.4 kW solar system suitable for 4,000 plus sqft and above homes as part of its attempt to revamp the solar business.

It’s suitable for homes that were paying $340-460 per month for electricity, the MSPower User reported on Friday.

Earlier in September, the EV maker had launched simplified solar power offerings that were easier to install at homes.

Tesla
Electric vehicle (EV) maker Tesla has unveiled a 15.4 kW solar system suitable for 4,000 plus sqft and above homes as part of its attempt to revamp the solar business. Wikimedia Commons

More recently, Tesla launched a solar rental service under which homeowners can get a solar panel system for just $50 per month, according to the Electrek.

ALSO READ: Apple Purchases its First Ever Carbon-Free Aluminium

The company has been making pricing simpler, more transparent, and have been pushing the energy products more actively. (IANS)

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