Tesla, Inc., won’t be closing all its retail stores, but the game will continue to change for the electric automaker and its competitors. While Tesla is backing off its plan to close its stores and sell all its electric vehicles online, up to 30 percent of its retail stores will be closing. Tesla is joining several major global companies feeling pressure to close retail stores as shareholders put more pressure on management to increase performance and profits. Stores may not be worth the cost as companies such as Amazon lead the revolution toward online shopping and fast delivery services, analysts say. Consumers are making more purchases every year on their smartphones and tablets, with much less interest in going to retail stores for the hard-sell shopping experience. The electric carmaker will continue to evaluate the economics of closing more stores in the future. Tesla will be raising its EV […]

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